UK firms must improve continuity plans says FSA


LONDON, UK -- The Financial Services Authority (FSA), the UK’s chief financial services watchdog, said in August that about 4,000 of the 11,500 firms it regulates need to improve their business continuity plans.

An FSA spokesman warned that although the regulator was satisfied with the continuity standards of the top 35 UK financial firms, it was imperative for all financial companies to ensure they had sufficient back-up procedures to cope with disasters such as terrorist attacks. Michael Foot

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