Financial sector resilience tested

BUSINESS CONTINUITY

Richard Maddison, deputy head of business continuity management and financial stability at the Financial Services Authority (FSA) said: "It is critical that organisations understand how resilient the UK financial sector would be in the face of major operational disruption."Maddison said many lessons have been learnt following the December 2005 publication of the results from the UK market-wide exercise on financial sector resilience and recovery."Results showed that plans can be too insular

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