Inadequate regulatory standards within the European UCITS fund regime caused a "perfect storm" for the embattled Woodford Equity Income fund and must be reassessed by UK regulators post-Brexit, FCA chairman Charles Randell has said.
As the fund quickly approaches the 28-day deadline for reassessment of its gating, Randell and Financial Conduct Authority (FCA) chief executive Andrew Bailey told the Treasury Select Committee today (25...
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