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News - FSA apologises over CILA terrorism snub.
(From Post Magazine)
Byline: Ralph Savage.
The Financial Services Authority has apologised for its 'oversight' in not inviting a key industry association to take part in this week's market-wide terrorism exercise.
The Chartered Institute of Loss Adjusters said it had no knowledge of the event, which simulated terrorist attacks to test the UK financial market's resilience, until plans were revealed in Post Magazine (27 October, p8).
Graham Cave, executive director of the CILA, said: "I don't know why we weren't contacted. It's a struggle with these things, and it is frustrating because of the work we have been doing in this area for the past 18 months."
A spokesman at the FSA confirmed it will make contact with the CILA in order for it to participate in 2006.
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