UK Financial Conduct Authority Expectations on Financial Resilience of Firms
03/26/2020The U.K. Financial Conduct Authority has published a statement reminding firms that they are able to use capital and liquidity buffers during the COVID-19 pandemic. The FCA also stated that firms should plan ahead and ensure that any potential exit from the market is conducted in an orderly manner. The statement is relevant for firms that are solo-regulated by the FCA.
Firms are encouraged to contact the FCA if they are unable to meet their capital requirements.
View the FCA announcement.
Details of other regulatory responses to COVID-19 are available on our COVID-19 Research Center.
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