Woodford not 'illustrative of a wider problem': FCA's Bailey

Pedro Gonçalves
clock • 2 min read

The Financial Conduct Authority's (FCA) outgoing chief executive Andrew Bailey has said the Woodford debacle was not "illustrative of a wider problem in the asset management industry." Speaking on an FCA podcast, the incoming Bank of England governor has admitted that he is concerned about how ill-prepared the UK is for a prolonged fall in the stock market or house prices. Bailey added: "There hasn't been a major fall in asset prices now since the [global financial] crisis and of course...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now


Already a International Investment member?