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FCA: Solo-regulated firms play “an important role in supporting the functioning of the economy.”
The Financial Conduct Authority (FCA) has laid out guidelines for firms that plan to draw down on capital buffers to stay afloat or exit the market during the coronavirus pandemic.
In an update following the FCA's relaxation of capital adequacy requirements for solo-regulated firms in March, the regulator said these firms played "an important role in supporting the functioning of...
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