FCA reports 30% drop in broker liquidity and warns 4000 financial firms are at risk of failure
The Financial Conduct Authority’s coronavirus financial resilience survey has revealed that insurance broker liquidity fell by 30% due to the pandemic, the largest drop measured in any sector.
This came as the watchdog warned that at the end of October it had identified 4000 financial services firms with low financial resilience and at heightened risk of failure.
Sheldon Mills, FCA
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