City firms focus on business continuity as Iraq war increases terrorist threat


LONDON -- The threat of terrorist attacks in response to US and UK military intervention in Iraq has highlighted the need for financial institutions operating in the UK to have suitable business continuity arrangements, a senior UK regulator said in March. Simon Ashby, a policy adviser on operational risk at the Financial Services Authority (FSA), the UK's chief financial sector watchdog, told Operational Risk the threat of reprisals from Islamic fundamentalist or pro-Saddam Hussein terrorist

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