FSA opens emergency UK back-up site
The Financial Services Authority (FSA), the UK’s chief financial services watchdog, said yesterday that it had opened a back-up centre to maintain operations in the event of an emergency such as a terrorist attack on its headquarters in London.
The back-up site has an independent computer network with 25 dedicated seats and room for 300 staff. The FSA’s previous back-up facilities were housed within Canary Wharf.
Since last September’s attacks on the World Trade Center in New York, the FSA has worked to improve its business continuity arrangements. In addition to the new back-up site it has also begun a series of simulations of potential emergencies that could interrupt the normal functioning of the UK financial service sector.
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