The U.K.'s Financial Conduct Authority released the findings of its coronavirus financial resilience surveys. (Photo: IR Stone/Shutterstock)
Thousands of small financial services firms in the U.K. are facing failure as a result of the global COVID-19 pandemic, according to a new study from the Financial Conduct Authority (FCA). The British regulator surveyed 23,000 small-to-midsize solo-regulated firms to understand the real-time effects the pandemic is having on the businesses' finances.
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Heather A. Turner
Heather A. Turner is the managing editor of ALM's NU Property & Casualty Group. She can be reached at [email protected].
