Global presence eases BCP pressure
London – Large financial institutions could benefit from their global presence when faced with national disasters or terrorists attacks.
That was a key lesson learned from last week's business continuity exercise organised by the UK Financial Services Authority (FSA), say participants. A case in point is HSBC, which was able to use its offices in New York and Asia to offset the consequences of a total staff evacuation in its London HQ, say officials at the bank.
On Monday, November 28, in what the FSA describes as "the largest business continuity exercise of its type ever undertaken", 80 participating financial institutions had to
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