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City of London tests disaster recovery plans

Banking firms in the City of London today conducted a trial of their back-up communications systems as part of an exercise to test the ability of the financial sector to cope following a major disaster such as a terrorist attack. Around 40 to 50 financial sector businesses along with the Treasury, Bank of England and the Financial Services Authority (FSA) took part in the test this afternoon to simulate what would happen if key financial systems were taken out of operation.Full Story

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