FCA Speech: A financial system to support the recovery
Industry News | 16/06/20
Speech by Charles Randell, Chair of the FCA and PSR, to a virtual roundtable of bank chairs hosted by UK Finance.
Delivered: 16 June 2020
• The coronavirus (Covid-19) crisis shows we need to reassess our approach to consumer debt, high risk retail investments and financial exclusion
• We need a robust framework for dealing with small business loans which turn out to be unaffordable
• UK financial markets and businesses are well placed to help the country and the world recapitalise
• The FCA has worked with pace and pragmatism in the crisis and will make these ways of working its new normal as it transforms for the future.