FCA finds 4,000 regulated firms at risk of failure due to pandemic

Industry News | 07/01/21

The FCA has published the results of its Covid-19 financial resilience surveys, showing that around 4,000 solo-regulated firms are at ‘heightened risk of failure’ as a direct result of the pandemic.

The surveys were sent to 23,000 solo-regulated firms to understand the effect the pandemic is having on the finances of the firms the FCA regulates. By the end of October, the FCA had identified 4,000 financial services firms with low financial resilience.

Source: Financial Reporter