Sector Regulation Sector Regulation

UK financial regulator's LCF supervision was lacking, independent probe finds

By Fiona Maxwell
  • 17 Dec 2020 10:52
  • 24 Feb 2021 04:50
Investors in the failed London Capital & Finance received an apology today from the UK Financial Conduct Authority, which agreed to accept all recommendations from an independent probe that said it did not effectively supervise and regulate the firm.

Elizabeth Gloster, the independent judge leading the investigation following LCF’s collapse, which led to

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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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