Treasury select committee chair Nicky Morgan MP has called on the FCA to look more closely into events at collapsed mini-bond issuer London Capital and Finance (LC&F).
Earlier this month four individuals were arrested in the Kent and Sussex areas in connection with the collapsed firm, which entered into administration in January. The four have since been released pending further investigation. In response to the situation with LC&F, Morgan (pictured) has written to the Financial Conduct Authority (FCA) board to request it consider whether the tests around the need for a statutory investigation into possible regulatory failure surrounding the firm's collapse have been met. HM Treasury has the power to require the regulator to conduct such an investi...
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