Financial sector resilience tested
LONDON – UK and US resilience benchmarking were key issues at the mid-March Risk Management Expo in London, with both the US and UK authorities citing the need for inter-industry co-operation and testing, such as with the medical and veterinary sectors.
Richard Maddison, deputy head of business continuity management and financial stability at the Financial Services Authority (FSA) said: "It is critical that organisations understand how resilient the UK financial sector would be in the face of major operational disruption."
Maddison said many lessons have been learnt following the December 2005 publication of the results from the UK market-wide
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