HKFSBCM FORUM
© 2026. All Rights Reserved.
Contact Us
hozefa.badri@hkfsbcm.org
Postal Address
Queen's Road Central, Hong Kong
Hong Kong Financial Services
Business Continuity Management Forum
WISE 2019 Documentary
(click to play the video)
WISE 2019 Report
(click on image to download)
Whole Industry Simulation Exercise (WISE) 2019 Journey
WISE 2019 was successfully held on 18th Oct 2019, following similar events held in 2015 and 2017. This exercise series enhances Hong Kong’s position as a world-class financial services centre by helping to strengthen the resilience of the industry. The event was led by the industry, overseen by the Hong Kong Financial Services Business Continuity Management Forum, who commissioned Control Risks to design and deliver the exercise.
42 financial institutions participated, with each Crisis Management Team responding to a systemic threat to the Hong Kong markets. Scenario development was supported by the Hong Kong Police, Regulators (HKMA and SFC), and Hong Kong Exchange (HKEX).
THE EXERCISE
A web based portal, designed by Ruder Finn Asia was used to deliver the exercise materials to the various participants. Crisis Management Teams, consisting of senior management from each financial organisation, could view video news clips, social media, and news headlines.
Key feature for 2019 was the ability for each participant to respond to the news and social media by uploading press statements and their own social media communications. This created a highly interactive environment designed to allow organisations to practice their public facing response to a crisis.
Welcome videos available: part 1 and part 2.
COMMAND CENTRE
Delivery of the exercise materials, monitoring of the exercise progression and overall command and control was centrally coordinated through the WISE 2019 Command Centre. Overseen by HKFSBCM and Control Risks, with technical support from Ruder Finn and staffed by over 50 volunteers from across the industry, the Command Centre ensured that all exercise materials were delivered, and the pace increased or decreased to reflect feedback from participants.
Additional support from the Financial Times provided realistic media pressure. A number of observers attended the Command Centre from the Regulators (SFC and HKMA), Dubai Regulator, Hong Kong Exchange (HKEX), and Hong Kong Police.