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Probe into regulation of London Capital & Finance delayed by UK's FCA information lags

By Fiona Maxwell ( June 2, 2020, 15:40 GMT | Insight) -- An independent investigation into the regulation of London Capital & Finance has been set back due to delays in the financial-services regulator providing key information and documents. Lawmaker Mel Stride, chair of the House of Commons’ influential Treasury Committee, said the delay in the investigation is “concerning,” adding that the lawmakers “will want to get to the bottom of what role the Financial Conduct Authority had in the delay when we next take evidence from them.”An investigation into how the UK's Financial Conduct Authority handled oversight of failed investment firm London Capital & Finance has been hampered by delays in the regulator providing key information....

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