UK authorities issue best practice guide for business continuity

An operational risk exercise in 2005 has led to a business continuity practice guide for the UK financial industry.

A benchmarking exercise completed by financial institutions and UK authorities in 2005 has resulted in a best practice guide for business continuity.

The Financial Services Authority (FSA), Bank of England and HM Treasury completed the 2005 Resilience Benchmarking Project to assess the strength and recovery capability of the financial services sector in the event of a major operational disruption.

More than 60 firms took part in the exercise, answering questions on their current business

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