RUTH SUNDERLAND: FCA watchdogs need to wake up
The failings of City watchdogs is not a tremendously festive subject, but it is an important one. Andrew Bailey, the Governor of the Bank of England, has been in the firing line over the collapse of a firm called London & Capital Finance, which went under while he was chief executive of the Financial Conduct Authority (FCA) regulator, leaving 11,600 victims out of pocket for £237million. Much more dangerous for Bailey is the Neil Woodford affair: the disgraced investment manager’s funds were frozen on his watch. Bank of England governor Andrew Bailey has been in the firing line over the ...