Civil case over £237m collapse of London Capital & Finance opens - with counsel leaving lawgazette.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from lawgazette.co.uk Daily Mail and Mail on Sunday newspapers.
Civil case over £237m collapse of London Capital & Finance opens - with counsel leaving lawgazette.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from lawgazette.co.uk Daily Mail and Mail on Sunday newspapers.
The governor of the Bank of England has apologised over the London Capital & Finance (LCF) savings scandal.
Andrew Bailey, who was chief executive of the Financial Conduct Authority when LCF collapsed into administration last year, said sorry to the 11,600 victims who were left £237million out of pocket.
It came as Dame Elizabeth Gloster, a retired Court of Appeal judge, published her long-awaited report into the watchdog s handling of the LCF disaster. She concluded that the FCA did not discharge its duties properly, and that LCF investors were entitled to expect, and receive, more protection .
Andrew Bailey, who was chief exec of the Financial Conduct Authority when LCF collapsed into administration last year, said sorry to the 11,600 victims who were left £237m out of pocket