‘We’ll test our powers to the limit’, says UK financial watchdog on scams By Reuters
By Huw Jones LONDON (Reuters) - Britain's financial watchdog said on Thursday it will become more assertive to get onto the front foot in weeding out bad firms and tackling "an epidemic" of online scams. The Financial Conduct Authority (FCA) has come under heavy criticism for its botched handling of London Capital & Finance, the investment fund whose collapse is forcing the government to use taxpayer money to compensate thousands of investors. Former finance ministry official Nikhil Rathi, who became chief executive last year, has already revamped his top team. The watchdog will spend 120 million...
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