FSA calls for firms to keep business continuity a priority

The UK's chief financial watchdog, the Financial Services Authority (FSA), has called on the 12,000 firms it regulates to keep business continuity as a priority.

Specifically, the FSA called for the chief executives of the top 40 firms whose interruption of business could cause systemic risk to report how they measure up to best practice guidelines drawn up by the FSA, the UK Treasury and the Bank of England.

The FSA, which has revamped its own business continuity planning since the September 11 attacks on the World Trade Center in New York in 2001, was keen to emphasise that its measures were not “prescriptive”. Some national regulators have

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