Britain checks whether financial firms are near collapse in pandemic
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LONDON (Reuters) - Britain's markets watchdog has begun asking 13,000 firms how close are they to going bust because of the coronavirus pandemic to avoid being saddled with unexpectedly "lumpy" compensation bills.The Financial Conduct Authority (FCA) will send the questionnaire to firms like financial advisers and wealth funds, its executive director of supervision, Megan Butler, said on Thursday."One of the key reasons...is to help us get a really strong sense of the financial wellbeing of this..