FCA writes Dear CEO letter to bank leaders

Regulatory Updates | 28/04/20

In an effort to ensure the fair treatment of corporate customers preparing to raise equity finance, the Financial Conduct Authority (FCA) has written to the CEO’s of several banks to remind them of their obligations. This reminder comes after the FCA have heard “credible reports” of several banks failing to treat their corporate clients fairly when negotiating new or existing debt facilities in the wake of the coronavirus epidemic.