FCA chief Andrew Bailey wants scrutiny of small business lending controls

Andrew Bailey thinks there needs to be “serious assessment of the pros and cons” of bringing lending to smaller companies under the remit of the Financial Conduct Authority. Andrew Bailey says there is a strong case for small business lending to be made a regulated activity after a series of banking scandals hurt tens of thousands of companies. The chief executive of the Financial Conduct Authority said that there needed to be a “serious assessment of the pros and cons” of bringing lending to smaller companies under the remit of the City regulator.

Source: The Times
GO TO ARTICLE +