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FCA promise to do better receives lukewarm reception from industry portfolio-adviser.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from portfolio-adviser.com Daily Mail and Mail on Sunday newspapers.
MPs call for FCA to 'change culture' after London Capital & Finance collapse | Harwich and Manningtree Standard harwichandmanningtreestandard.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from harwichandmanningtreestandard.co.uk Daily Mail and Mail on Sunday newspapers.
MPs call for FCA to ‘change culture’ after London Capital & Finance collapse London Capital & Finance collapsed in 2019 (Jonathan Brady/PA) MPs have called for a “change in culture” at the UK’s financial regulator to protect consumers and financial markets following the collapse of mini-bond firm London Capital & Finance (LCF). The Treasury Select Committee has also called for the Financial Conduct Authority (FCA) to confirm a deadline to enact a transformation programme to improve the organisation. It comes a month after the FCA apologised to bondholders who lost millions of pounds invested in the collapsed mini-bond firm. LCF failed in 2019 after raising £237 million from 11,000 small investors. ....
MPs have called for a “change in culture” at the UK’s financial regulator to protect consumers and financial markets following the collapse of mini-bond firm London Capital & Finance (LCF). The Treasury Select Committee has also called for the Financial Conduct Authority (FCA) to confirm a deadline to enact a transformation programme to improve the organisation. It comes a month after the FCA apologised to bondholders who lost millions of pounds invested in the collapsed mini-bond firm. LCF failed in 2019 after raising £237 million from 11,000 small investors. In December last year, a report by Dame Elizabeth Gloster found the FCA failed to properly regulate and supervise LCF and said the regulator must focus on improving internal authorisation and supervision processes. ....
Bank of England boss Andrew Bailey blasted over LCF savings scandal thisismoney.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thisismoney.co.uk Daily Mail and Mail on Sunday newspapers.