FSA puts flu on the agenda
The UK's Financial Services Authority (FSA) has urged banks to draw up business continuity plans in the case of a global pandemic, a month after the first human cases of avian flu emerged in Europe.
In its annual Financial Risk Outlook report, the FSA now places the threat from a global pandemic alongside terrorism as a 'priority risk', and firms are being urged to prepare for any possible outbreak in humans by regularly assessing the impact on their businesses and testing that continuity plans are sufficiently robust.
The FSA said that, if a flu pandemic were to hit the UK, it would consider
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