FCA reveals 4,000 firms at risk of failure due to Covid-19
Mainly small and medium-sized outfits
Certain sectors saw dramatic changes in liquidity between February and May/June 2020
Some 4,000 regulated firms are at risk of failure due to the ongoing coronavirus pandemic and a third of those have the potential to cause harm if they go under, according to the Financial Conduct Authority (FCA).
The statistics come from the regulator's coronavirus financial resilience survey results published today. The surveys were sent to 23,000 solo-regulated firms to inform the FCA of the impact of coronavirus...
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