Yes, that is right, in this edition of Regulatory Refreshment we are covering two completely unrelated topics which are (a) the beginning of the Coronavirus outbreak and (b) the end of the London Inter-Bank Offered Rate. The only connection is that in the last month the FCA issued statements on both.
Coronavirus
The FCA issued a statement to say that they expect all firms to have contingency plans in place to deal with major events.
They are actively reviewing the contingency plans of a wide range of firms. This includes assessments of operational risks, the ability of firms to continue to operate effectively and the steps firms are taking to serve and support their customers.
MJ Hudson works with clients in the fields of law, international administration, fund management, investment advisory, and IR and marketing, across both alternative and traditional asset classes.Gresham House Strategic PLC (LON:GHS) has a 1.3% ownership of MJ Hudson as of June 2018.