FCA vows to change after damning LCF and Connaught reports

Mike Sheen
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FCA vows to change after damning LCF and Connaught reports

The Financial Conduct Authority (FCA) is set to radically overhaul its processes and procedures with a raft of "significant and necessary changes", following the publication of independent reports into its handling of the London Capital & Finance (LCF) and Connaught fund scandals. Both reports, published today (17 December), reveal significant failures in the regulator's handling of the multi-million pound scandals, and include recommendations for change at the FCA, all of which it has acc...

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