The FCA's Financial Resilience Survey

The Financial Conduct Authority (FCA) has launched a new survey to assess the financial resilience of firms in the UK financial services industry. The survey is open to all firms that are regulated by the FCA, and it will help the FCA to understand how firms are managing their risks and how they are preparing for future shocks.

The survey covers a wide range of topics, including:

Liquidity: How firms manage their liquidity and how they would cope with a sudden withdrawal of funding.

Capital: How firms manage their capital and how they would cope with a sudden increase in losses.

Risk management: How firms identify and manage risks.

Governance: How firms are governed and how they make decisions.

Resilience: How firms would cope with a future shock.

The survey is a valuable tool for the FCA, as it will help the regulator to understand the risks that firms are facing and how they are managing those risks. The survey will also help the FCA to identify any areas where firms need to improve their resilience.

The survey is open until 31 August 2023. Firms that participate in the survey will receive a detailed report on their results.

Why is the FCA conducting the survey?

The FCA is conducting the survey to assess the financial resilience of firms in the UK financial services industry. This is important because the financial services industry is a critical part of the UK economy, and it is important to ensure that firms are able to withstand shocks and continue to operate.

The survey will help the FCA to understand the risks that firms are facing and how they are managing those risks. This will help the FCA to identify any areas where firms need to improve their resilience.

What are the benefits of participating in the survey?

Firms that participate in the survey will receive a detailed report on their results. This report will provide firms with insights into their own financial resilience and will help them to identify any areas where they need to improve.

The survey is also an opportunity for firms to engage with the FCA and to discuss their views on financial resilience. This can be a valuable opportunity for firms to get feedback from the regulator and to learn about the FCA's expectations.

How can firms participate in the survey?

Firms can participate in the survey by visiting the FCA's website. The survey is open until 31 August 2023.

https://www.fca.org.uk/firms/financial-resilience-survey