Andrew Bailey, the new chief of the Financial Conduct Authority (FCA), has said there are issues with the structures of open-ended property funds that need to be addressed, following the suspension of the SLI £2.7bn UK Real Estate fund yesterday.
Speaking today in his role as deputy governor for prudential regulation at a Bank of England press conference alongside governor Mark Carney, Bailey (pictured), who has been at the helm of the FCA for...
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