FCA’s expectations on financial resilience for FCA solo-regulated firms – statement update
Regulatory Updates | 17/04/20
We have today updated our guidance surrounding financial resilience and capital. We want to see firms to continue operating in this challenging period, and, where we can, we intend to provide flexibility to regulated firms to ensure this. Firms prudentially-regulated by the FCA play an important role in supporting the functioning of the economy. During this time of stress, we expect firms to meet this responsibility by planning ahead and ensuring the sound management of their financial resources. This means taking appropriate steps to conserve capital, and to plan for how to meet potential demands on liquidity.