Bank of England's Task Force publishes report on whether new statutory powers are needed to deal with major operational disruption, 3 December 2003. In the report Sir Andrew Large, deputy governor, said financial institutions should reassess large contracts to ensure they were tough enough to deal with "major operational disruption". They should also emphasise continuity planning, the report said.
Source: Bank of England
Report of the Task Force on Major Operational Disruption in the Financial