Treasury Committee LCF inquiry urges more 'interventionist' FCA

Mike Sheen
clock • 4 min read

The Treasury Committee has called on the Financial Conduct Authority (FCA) to be more "interventionist" and "proactive" in its approach, following the damning findings of the regulator's failings in response to the London Capital and Finance (LCF) mini-bond scandal. In a report published on Thursday (24 June) the Treasury Committee slammed the FCA's board and most senior executives as failing to meet "the standards which [the regulator] seeks to impose on others". It follows an investigation under Dame Elizabeth, which in December revealed significant failures in the regulator's handl...

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