Financial Services Financial Services

Comment: LCF supervision probe weakens argument for UK's FCA to get broader powers

By Fiona Maxwell
  • 18 Dec 2020 06:48
  • 24 Feb 2021 04:49
A poor score for the UK financial-services regulator's supervision of defunct investment firm London Capital & Finance diminishes the argument for more powers, despite the watchdog's incomplete regulatory scope having contributed to its inadequate oversight.
The debate over the Financial Conduct Authority’s "perimeter" — what it does and doesn't regulate

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Fiona Maxwell

Senior Correspondent

Fiona Maxwell is a financial services senior correspondent at MLex in London. She began her career as a reporter for, writing about EU post-crisis regulation, and later worked for POLITICO in Brussels, covering the intersect between financial policy and politics. Prior to joining MLex, Fiona worked at the Bank of England as a policy adviser in the prudential policy directorate.

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