Chris Davies: The FCA and your financial resilience

The FCA's Final Guidance assessing adequate financial resources places a specific spotlight on retail investment adviser firm's (RIA's) financial resilience. The minimum standards the regulator uses to protect consumers, reduce market disruption and minimise harm and assess firms' sustainability are called threshold conditions.    The assessment of appropriate resources under threshold conditions considers: The nature and scale of a firm's business model The risks to the continuity of the services provided The impact of other members of the firm's group on the adequacy of its re...