FIN. TeamChristopher Woolard has spoken to the IA on the role investment managers could play in the post-Covid recovery. He said he is very proud of what FCA has managed to achieve during the crisis to provide the regulatory environment in which firms could concentrate on serving their customers.
He noted the resilience that the fund management industry has shown during the crisis and how managers have worked with FCA to ensure any necessary suspensions in dealings. The challenge ahead will include how to ensure redemption arrangements are fair to those who remain in funds as well as those who wish to exit and FCA plans to consult on how best to serve the interests of investors.
FCA is now moving to look at the risks issuers face in the recovery and what help they may need. It wants to hear views on whether some companies will find access to public markets limited as they seek to recapitalise post-crisis, so it can look to help where necessary.
