Regulation

Bank of England’s Bailey apologises to LCF investors amid GRG scrutiny

Bailey is facing pressure over his role in a series of scandals while at the Bank and the FCA

Andrew Bailey, governor of the Bank of England, was head of the Financial Conduct Authority between 2016 and 2020
Andrew Bailey, governor of the Bank of England, was head of the Financial Conduct Authority between 2016 and 2020 Photo: Getty Images

Bank of England governor Andrew Bailey has apologised for his role in failing investors of collapsed mini-bond firm London Capital & Finance.

The apology comes amid rising pressure on the former watchdog boss about his responsibility in a series of scandals while previously helming the City watchdog.

WSJ Logo