Tested to destruction

The financial sector last week took part in the largest ever test of its preparedness to respond to a crisis such as a terrorist attack or widespread infrastructural damage.

The test, designed to be as realistic as possible, involved a scenario of widespread disruption in London and other financial centres, and included simulated news broadcasts, interviews and market and currency movements.

KPMG will report early next year on the effectiveness of the sector’s business continuity preparations and the contribution the authorities can make.