IA calls on BoE governor Bailey and FCA to keep markets open

Access to public equity and debt markets 'critical'

Investment Association (IA) CEO Chris Cummings has called on new Bank of England governor Andrew Bailey and the Financial Conduct Authority to keep the UK markets open during the current coronavirus crisis.

In an open letter to Bailey published today (25 March), who picked up the mantle last week (16 March), Cummings wrote that the IA and the wider industry is in favour of the markets remaining open to continue to meet clients' needs. "Given ongoing market uncertainty and continued media speculation, which is unhelpful during the current situation, we wish to assure you that our industry supports the continued opening of public markets," Cummings wrote. "As investment managers, our utmost priority remains serving our clients' needs in these testing times. Access to public equity and debt...