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FCA zones in on broker resilience amid Covid-19 outbreak

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Watchdog surveys 13,000 firms as it seeks to understand the effect Covid-19 is having on the finances of regulated firms and guide its supervisory actions.

The Financial Conduct Authority (FCA) is conducting a survey to find out how firms have been impacted financially by Covid-19.

The survey has been emailed to 13,000 cross-sector firms and Branko Bjelobaba, managing director at compliance consultancy Branko Limited, noted that this will include a “very good sample size” of general insurance brokers.

Last week the regulator sent out a communication to affected firms where it announced that it would conduct the survey and that businesses would

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