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FSA Warns Companies Unprepared for Attack

LONDON-The FSA has set up a "nerve centre" in the event of a terror attack but has warned too many companies are unprepared for a World Trade Centre-type disaster.

By Anita Howarth | Updated on August 19, 2002

LONDON-The Financial Service Agency, the UK regulator, has set up a “nerve centre” within walking distance of its existing headquarters in Canary Wharf.

The back-up office will be fully operational within six hours in case of emergencies and forms part of the contingency plan prepared by the FSA after the September 11 terror attacks on New York.

But the Regulator, who oversees financial services in the UK, has also warned that 4000 companies, mostly small and medium-sized firms (SMEs), are still poorly prepared to cope with a possible 11 September-type attack in the UK.

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