FCA missed early detection of 600 LCF ‘red flags’
- Monday, 08 February 2021
- Articles
Shortcomings at the FCA call centre meant the watchdog failed to take early action on the failed mini-bond firm London Capital & Finance (LCF) despite over 600 calls from worried clients.
Read more...Bailey to be grilled by MPs on LCF fiasco
- Monday, 08 February 2021
- Articles
Bank of England Governor Andrew Bailey, former CEO of the FCA, is due to be grilled today by MPs about regulation of the £236m failed mini-bond firm London Capital & Finance.
Read more...FSCS levy to soar by a third to top £1bn
- Friday, 22 January 2021
- Articles
The Financial Services Compensation Scheme is forecasting a levy for 2021/22 of £1.04bn, up £339m from the £700m raised the previous year due mainly to soaring numbers of claims.
Read more...Editor’s Column: A regulatory bomb exploding
- Friday, 18 December 2020
- Comment
I was going to dedicate this column to a timely look back at 2020 and a look forward to 2021 (see lower down). Then something happened.
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