UK financial regulator will not give detailed rules on disaster recovery


LONDON -- UK financial regulators want market solutions to the problems of business continuity planning in London and don’t want to lay down prescriptive rules in the wake of the September 11 attacks on New York’s financial district, a senior regulator said in March.

The responsibility for ensuring good business continuity planning rests in the first instance with the senior management of financial firms and not with regulators, said Paul Wright of the major financial groups division of the

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