The financial industry is currently going through a time of change and uncertainty with the downward spiral in the economic climate and the need to navigate the global recession.

This is a busy time for business continuity managers in the financial sector.  All areas must ensure that business continuity plans can stand up to regulatory scrutiny.  All firms will need to demonstrate specific progress on issues such as terrorist attacks and protection of corporate assets and information.  Consideration must now be given to what initiatives need to be instigated to mitigate these risks and issues.

The world's major financial centres are high-profile targets for terrorist attacks.  The terrorist attacks in London demonstrated the significant risks from terrorist groups and the relatively low costs associated with launching an attack.  The City came through these attacks relatively well.  Nevertheless, many firms reported that a higher level of awareness throughout the organisation and stronger strategic planning at board level could go a long way in improving identification of risks and building the business resilience and continuity capability.

Our extensive experience in providing strategic board level support to global corporations has helped many of our financial clients to realise the value of having peace of mind in outsourcing their business resilience and continuity planning to Esoteric.  Our clients are able to concentrate on core business activity, safe in the knowledge that the threat of attempted or actual attacks from competitors, criminals and terrorists has been minimised.

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