Gina Miller declares outgoing FCA chair Charles Randell 'unfit for public office'

LCF compensation 'unjustified'

Leader of the True and Fair Party Gina Miller has declared outgoing chair of the Financial Conduct Authority Charles Randell to be "unfit for public office", as a result of his involvement in the London Capital and Finance scandal.

In a statement responding to the Complaints Commissioner's final report to complainants in respect of the FCA's oversight of LCF and proposed changes to the FCA Compensation Scheme, Miller argued that given Randell's role in the "sorry affair", he "should not be considered fit for any public office in the future". The report from complaints commissioner Amerdeep Somal found that the approach taken by the FCA in regards to compensation in the LCF case was "unjustified" and fails to "stand up to scrutiny". Gina Miller calls for FCA to replace all its non-executive directors In the 23...