FSA assesses impact of floods on firms

It worked with about 80 businesses, including IFAs, small firms and banks, to examine their preparedness for office evacuation and their abilities to set up quickly elsewhere, at what it calls ‘disaster recovery sites'. The two-day exercise took place just days before heavy flooding in northwest England forced dozens of businesses to shut and hundreds of individuals to be evacuated from their homes. Since 2002, following terrorist attacks in New York and Washington which saw the regulator's Canary Wharf HQ temporarily close, the FSA has worked to ensure firms are "properly prepared" w...