FCA publishes financial resilience survey results

The FCA has published the results of its October 2023 Financial Resilience Survey. The survey had been issued 11 times in the October 2023 form but has now been replaced with a new format. The FCA has released the data showing the resilience of the 8 market categories of prudentially supervised firm included in the survey. It received nearly 14,000 responses, on questions such as liquidity resources, cash needs and inflows, creditors, net profit or loss, expected increase and decrease in profits and revenue for the past year. It also asked firms whether they had received support in the past year under a government-backed loan. Over a quarter of consumer finance firms had received government support, with insurance intermediaries and consumer investment firms also receiving a sizeable amount.

Emma Radmore