FCA's Randell: UCITS rules sparked 'perfect storm' for Woodford Equity Income
Scope for change post-Brexit
FCA chair Charles Randell
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, Financial Conduct Authority Chairman Charles Randell has said.
As the fund quickly approaches the 28-day deadline for reassessment of its gating, Randell and FCA chief executive Andrew Bailey told the Treasury Select Committee on Tuesday (25 June) that Brexit could...
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