Snowy Owl
Retired in 2010, In Memoriam
London to gauge threat of avian flu on markets
http://www.iht.com/articles/2006/09/27/business/ibrief.php
Agence France-Presse, Reuters, The Associated Press, The New York Times
The resistance of London financial markets to a flu epidemic will be put to the test in a six- week exercise starting in October.
Callum McCarthy, the chairman of the Financial Services Authority, said Tuesday that 60 London institutions, including banks, brokers and insurance companies, would participate in the trial, which would test their resilience in case a contagious disease like avian flu were to spread throughout the city.
McCarthy said that a widespread flu contagion would affect more than just staff and management, so the test would also study "the effect on liquidity; the effect on markets; the changes needed to internal processes if, as seems likely, a severe health threat resulted in widespread voluntary absenteeism." (NYT)
http://www.iht.com/articles/2006/09/27/business/ibrief.php
Agence France-Presse, Reuters, The Associated Press, The New York Times
The resistance of London financial markets to a flu epidemic will be put to the test in a six- week exercise starting in October.
Callum McCarthy, the chairman of the Financial Services Authority, said Tuesday that 60 London institutions, including banks, brokers and insurance companies, would participate in the trial, which would test their resilience in case a contagious disease like avian flu were to spread throughout the city.
McCarthy said that a widespread flu contagion would affect more than just staff and management, so the test would also study "the effect on liquidity; the effect on markets; the changes needed to internal processes if, as seems likely, a severe health threat resulted in widespread voluntary absenteeism." (NYT)