Test shows markets can handle a flu pandemic
LONDON – Officials from the UK's Financial Services Authority (FSA), HM Treasury and the Bank of England announced the results of the 2006 Market-Wide Exercise late last week, stating that the markets can remain open despite high levels of employee absenteeism in case of a bird flu pandemic.
The test simulated 22 weeks of an influenza pandemic outbreak during the six weeks between October 13 and November 24 last year. Seventy organisations and about 3,500 people took part, with 63 of those participants responding to the FSA's report inquiries.
Since a flu pandemic does not affect physical structures, the loss of workers would be the most devastating effect, the report says. Even those not afflicted might take time off to care for sick loved ones, children displaced by closed schools
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