FSA to monitor continuity plans

The Financial Services Authority (FSA) said it will follow-up work on the London market’s business continuity plans as a measure of the importance the regulator attaches to a firm’s ability to operate in the aftermath of a disaster. The regulator surveyed the London market in the summer and found that there was a general level of good practice for continuing business in the face of natural or man-made disaster but warned that in many cases this was limited to events affecting their own firm, rather than a City-wide disaster.