Treasury and FCA must consider 'appropriate consequences' in LC&F scandal - reports

BoE governor Bailey named in report

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BoE governor Andrew Bailey was chief executive of the FCA at the time of LC&F's collapse
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BoE governor Andrew Bailey was chief executive of the FCA at the time of LC&F's collapse

The author of the report into the collapse of London Capital & Finance (LC&F) has told MPs that it is up to the Treasury to consider the "appropriate consequences" for three individuals named in her report on the mini-bonds scandal, including Bank of England (BoE) governor Andrew Bailey.

Bailey was chief executive of the Financial Conduct Authority (FCA) at the time of the savings scandal, leaving the regulator in March 2020 to take up the job at the BoE. Dame Elizabeth Gloster delivered...

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