FCA publishes coronavirus financial resilience survey data
Regulatory Updates | 07/01/21
The FCA published the results of its Covid-19 financial resilience surveys.
The survey results show that between February (pre-lockdown) and May/June (during the impact of the first lockdown), firms across the sectors experienced significant change in their total amount of liquidity.
The FCA said it had identified 4,000 financial services firms with low financial resilience and at heightened risk of failure. The firms at risk are predominantly small and medium-sized firms and approximately 30% have the potential to cause harm to consumers as a result of failure.
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