The looming energy crisis is prompting some London banks to revisit their COVID-19 plan.
According to the trade body UK Finance, banks in the City of London have been talking about how potential power cuts could affect their business operations.
The UK trade body confirmed to Insider that some people are reverting to emergency plans made during the COVID-19 Pandemic, such as using off-site locations or encouraging staff to work from home.
The trade body says that lenders, building societies, and branch offers for international banks are all involved in the talks.
Andrew Rogan is the director of operational resilience at UK Finance.
He said there was no sense of fear. Everyone is keeping their ducks in a row.
Power cuts have become a part of daily life in South Africa and are being studied by firms.
The UK, US, and the EU have all been preparing for power cuts since energy supplies were squeezed by Russia.
Plans have been drawn up by the UK for the possibility of organized power cuts this winter.
Major banks in Europe are cutting back on energy in order to cope with a limited gas supply.
Hot water and fountains were turned off by major banks.
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