News comes to The Crisis Lounge that the UK Tripartite Authorities have decided to reschedule the Market Wide Exercise 2008, which was due to take place between 18th and 26th November. According to the FSA, the decision “has been taken in light of global market conditions and feedback from the industry”.
The exercise is now expected to take place in early 2009, but a definite date will be published ‘in due course’.
The original plan for the Market Wide Exercise scenario was to cover a scenario of severe weather, including flooding, and to revisit “some of the more challenging issues raised during the pandemic exercise of 2006”. This is expected to remain as the focus for the exercise, with the FSA website stating: "Exercise preparations will continue in line with the original schedule, so that the exercise will be substantially ready for implementation as and when financial market conditions are judged to be conducive."
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