FCA ‘Working Closely’ With Financial Services Sector on Covid-19
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The U.K.’s Financial Conduct Authority said it’s working closely with the financial services sector to ensure an effective response to the Covid-19 outbreak, according to a statement dated March 4.
The financial regulatoris working in conjunction with the Bank of England and HM Treasury. “We expect all firms to have contingency plans in place to deal with major events,” the authority said. Alongside the BOE, the FCA is “actively reviewing the contingency plans of a wide range of firms.”