FSA opens emergency UK back-up site

An FSA spokesman said the new office, which is in a secret location within walking distance of the authority’s Canary Wharf headquarters, could be operational within an hour of a terrorist incident.

The back-up site has an independent computer network with 25 dedicated seats and room for 300 staff. The FSA’s previous back-up facilities were housed within Canary Wharf.

Since last September’s attacks on the World Trade Center in New York, the FSA has worked to improve its business continuity arrangements. In addition to the new back-up site it has also begun a series of simulations of potential emergencies that could interrupt the normal functioning of the UK financial service sector.

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