Be prepared
As the FSA Arrow visits start to gain momentum, many brokers will be nervously reviewing the FSA Handbook. Paul Dyer points them firmly in the direction of continuity planning
Tucked away in section 3.2.19G of the FSA Handbook is a reference to continuity planning and the Financial Services Authority (FSA) requirements for plans (assuming they exist) to be tested as proven.
It is unlikely that many principals of brokers will have given much in-depth thought to this subject, which is surprising really when it seems logical that providing for somewhere to go in the event of a disaster occurring is good business practice and a key part of risk management.
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