The Financial Conduct Authority (FCA) is "actively reviewing" firms' contingency plans to ensure the sector is responding effectively to the coronavirus outbreak.
In a statement released this morning (4 March), the regulator said that in conjunction with the Bank of England and HM Treasury, it was working "closely" with the financial services sector to ensure it is responding effectively to the Covid-19 outbreak. It said: "We expect firms to have contingency plans in place to deal with major events." It said it "is actively reviewing the contingency plans of a wide range of firms" including assessments of operational risks, ensuring firms continue to operate effectively and the steps firms are taking to support their clients. The FCA said it ex...
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