Editor’s Comment: MPs misplaced over demand for FCA CEO's head

Somewhat predictably a group of MPs have this week called on FCA chief executive Andrew Bailey to resign over the £236m London Capital and Finance mini-bond mess.

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FSCS ‘explores’ compensation for LC&F mini-bond victims

The Financial Services Compensation Scheme has today launched a registration scheme for victims of the £236m failed mini-bond provider London Capital & Finance (LCF) as it “explores possible grounds for compensation.”

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FSCS keeps door closed to LC&F claims - for now

 

The Financial Services Compensation Scheme has reiterated today that its door is closed to claims against the £236m collapsed mini-bond firm London Capital & Finance - but it could review its stance.

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Editor’s Comment: LC&F scandal creates headache for FCA

The news this week that the FCA will commission an independent report into its handling of the LC&F mini-bond scandal is not an admission of guilt but it is perhaps the first sign that regulation failed investors who had the misfortune to use this company.

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