Sector Regulation Sector Regulation

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 — is longstanding, with

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