'We expect some firms to not make it through Covid' - FCA's Nikhil Rathi

Speaking on a podcast produced by the FCA, Rathi (pictured) said one thing that is very clear is that they have a "very large amount" of work to do as the UK comes through the coronavirus crisis. "We are still dealing with economic distress. We have 60,000 firms under our remit and those firms aren't insulated from the challenges that we are seeing in the economy and we would expect some of those firms not to make it through the crisis. "We want to manage the process of supporting those firms in a way that mitigates any risk to consumers and the wider economy," he said. Rathi added...