Business Continuity and Disaster Recovery in Financial Services

27 January 2011

Business Continuity and Disaster Recovery in Financial Services
Tenth Annual Conference
Thursday January 27th 2011
Thistle Marble Arch, London W1

Having weathered the worst financial crisis in a generation, financial institutions continue to face threats that demand highly professional business continuity planning. The recent air cargo bomb scare underlines the continuing terrorist threat, while the surge of cyber attacks has highlighted the increasing implications of hacker's strategies. Unexpected events such as the so-called "flash crash" in the US in May this year or the disruption of the LSE Turquoise trading platform in November pose another challenge for BC professionals.

Although dramatic in their impact it is the ongoing challenges that occupy most of the business continuity manager's time. For instance the degree of integration between business continuity and overall company security, or persuading the top management that business continuity management is a compelling area for investment in these straitened times.

The programme for this year's conference, now in its tenth year, aims to combine coverage of both the sudden high impact, events and the continuing work-a-day challenges. For the first time since these conferences began, there is a new Government so we open with some thoughts on politicians' perceptions of the role and importance of BCM. This is backed up later in the day by expert analysis of the current state of national security and resilience.

Additionally, the financial authorities' names and roles are going to be changing in the coming year; already the title 'Tripartite Group' has been dropped, so this gives new interest to the views of the FSA , the Bank of England and HM Treasury.

The practical impact of a sudden crisis on a wide area is now under more and more scrutiny, so two sessions are devoted to this experience, Exercise Orion, a major project across several southern counties, and a further one across the city of Manchester.

Financial institutions have always been aware of the need for a link between business continuity and security but there is now more concentration on the need to integrate the two. Similarly, the cyber threat to business continuity has long existed but is now at the forefront of official concern. Separate sessions are is devoted to these subjects. Finally the conference looks at how heads of business continuity can re-invigorate their roles in two sessions, one presented by an adviser to BP.

The day's programme will include:

  • Business continuity in the political context
  • Financial authorities panel
  • Lessons from Exercise Orion
  • Recent major failures of trading systems and their implications
  • Integrating business and security within a major organisation
  • Major cyber threats to firms’ security and business continuity
  • National security and resilience in 2011
  • The Manchester City wide exercise
  • A new model for resilience and preparedness
  • BCM: compliance or a compelling presentation

This conference should be attended by all business continuity managers in financial institutions and their advisers.

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