'Angry' Bailey denies attempt to scrub his name from damning LCF report The Governor defends his handling of the scandal while he was in charge of the Financial Conduct Authority 8 February 2021 • 7:18pm Bank of England Governor Andrew Bailey has furiously denied seeking to cover up his role in the collapse of savings firm London Capital & Finance amid a growing row over regulators' failure to prevent the disaster. Mr Bailey said he was “angry” at the suggestion he sought to have his name removed from a damning report into the scandal at the firm (LCF), which went bust owing £237m to more than 11,000 savers.