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...Gloster - FCA failed to protect LCF investors
- Thursday, 17 December 2020
- Articles
The FCA is to implement a package of reforms after accepting the findings of the long-awaited Gloster Report that it failed to adequately protect the 11,625 investors who lost money due to the £236m collapse of mini-bond provider London Capital & Finance.
Read more...FSCS pays out £13.5m to 844 LCF victims
- Friday, 31 July 2020
- Articles
The Financial Services Compensation Scheme has increased the speed it is settling LCF claims and has so far paid out £13.5m to 844 people hit by the collapse of the mini-bond firm.
Read more...