BusinessCompany NewsCity still not taking anti-disaster measures

City still not taking anti-disaster measures

City companies are not doing enough to safeguard themselves against a major disaster like the one that struck New York on 11 September.

Link: Liquidation grows on back of 11 September

According to the Institute of Financial Services more than a third of senior executives in financial services believe that many organisations are ‘overly exposed to risks’.

Commissioned by IBM, the IFS’s research showed only 51% of organisations represented by the 115 executive interviewed could definitely measure their operational risk.

Eric Dobby, director at the IFS, said: ‘There is a clear call to action to ensure the City has robust contingency plans in place. Our research shows that despite 95% of th senior executives interviewed believing that the financial services industry is taing operational risk deriously since the attacks, only about half were planning to increase their expenditure in this area.’

Related Articles

M&S business rate liabilities based on £570m rateable value

Company News M&S business rate liabilities based on £570m rateable value

4m Emma Smith, Managing Editor
BDO replaces Deloitte as Mitie auditor

Audit BDO replaces Deloitte as Mitie auditor

8m Emma Smith, Managing Editor
CVR Global appoints partner in London office

Company News CVR Global appoints partner in London office

12m Alia Shoaib, Reporter
FTSE100 failing to provide adequate ethics information

Company News FTSE100 failing to provide adequate ethics information

1y Alia Shoaib, Reporter
Moore Stephens recruits new private client partner

Accounting Firms Moore Stephens recruits new private client partner

1y Emma Smith, Managing Editor
Magma Group announces merger, partner promotions

Accounting Firms Magma Group announces merger, partner promotions

1y Emma Smith, Managing Editor
BDO on ‘recruitment spree’ with multiple partner appointments

Accounting Firms BDO on ‘recruitment spree’ with multiple partner appointments

1y Emma Smith, Managing Editor
Brand strength leads to fee income growth for RSM

Accounting Firms Brand strength leads to fee income growth for RSM

1y Emma Smith, Managing Editor