FCA vows to change after damning LCF and Connaught reports

Mike Sheen
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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