A step too far?
Q. It has been pointed out that my firm needs to have some sort of business continuity plan as part of our Financial Services Authority compliance. Surely this is not a regulatory matter, just another needless example of over-zealous regulating?
Demonstrating to the regulator that you have given some thought to the hazards that face your business is more of a regulatory matter than you may think.
Remember that the Financial Services Authority's approach to regulation is driven by its four core objectives laid down by the Treasury, and these include protection of the public.
What confidence can the regulator (or indeed your clients) have in your business, if you do not have a plan in place to deal with any threats to the existence of the
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