Do you remember it was just three years ago that the FSA was minded to make VCTS unregulated collective investment schemes Many of us rode forth to do battle. My contribution was to go and see them in their lair at North Colonnade with a fellow VCT director.
When we look back in five years’ time, the ejection of the FCA’s CEO, Martin Wheatley, may have proven to be the catalyst for the capital advancement of British companies.
As one of the earliest, and most successful, companies offering quick access to finance through an online platform, the news that Wonga has reported a pre-tax loss of £37.3m for 2014 begs the question – has the honeymoon period for this industry come to an end
Clifford Chance partner Simon Davis’ 225 page study of the FCA induced major fall in Insurance Companies’ share prices and the ensuing false market, on the 28th March this year, is a devastating insight into how unfit for purpose our financial regulator is and why this is so.
