Hong Kong Financial Services
Business Continuity Management Forum
Whilst WISE is typically conducted every 2 years, which should have led to a simulation being held in 2021, the industry was heavily focused on the response to COVID-19. The purpose of the industry simulation is to practice the response to a threat affecting the whole industry and COVID-19 allowed crisis management teams to invoke their response to a genuine incident, negating the need to exercise.
However, COVID-19 is only one of many threats the industry must plan for, and collectively, the business continuity community determined further exercising will be discussed at the end of 2022.
UPDATE: An internal survey has been distributed to all HKFSBCM members to gauge the industries appetite for holding an exercise in 2023. We look forward to the support of the HKFSBCM members and hope to release more details about WISE 2023.