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Comment: UK financial regulator may escape Greensill blame as saga turns political

By Fiona Maxwell ( March 26, 2021, 15:47 GMT | Comment) -- Despite similarities in the complex UK regulatory oversight of failed investment firm London Capital & Finance and the scandal surrounding Greensill, the FCA appears to have escaped unscathed from mass criticism of its supervisory processes. The political scandal surrounding Greensill — involving former Prime Minister David Cameron — may shield the financial regulator from any blame.In a recent lengthy Q&A session where lawmakers asked UK financial-services regulators about the failings that led to consumers losing hundreds of millions of pounds, it would have been reasonable to expect a probe on the most recent scandal: Greensill Capital....

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