ozboy
Member of DD Central
Mine's a Large One! (Snigger, snigger .......)
Posts: 3,156 
Likes: 4,830
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Post by ozboy on Nov 6, 2020 15:53:28 GMT
........... allowed to interfere with their liquid lunches.
Followed by a very nice, very long afternoon nap.
"It's not our money!"
That is all.
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ozboy
Member of DD Central
Mine's a Large One! (Snigger, snigger .......)
Posts: 3,156
Likes: 4,830
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Post by ozboy on Nov 26, 2020 15:47:02 GMT
Rather than just do the basic day job properly and police the sector effectively, it's good to see that the FCA have their priorities right:-
"The finance sector watchdog bought “gaming” computer screens and racing car-style office chairs for its staff to use at home in a £416,000 splurge during the first lockdown.
The Financial Conduct Authority (FCA), which regulates tens of thousands of businesses, was among the most lavish spenders uncovered in an investigation by The Times."
SOURCE: The Times
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iRobot
Member of DD Central
Posts: 1,656
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Post by iRobot on Nov 26, 2020 16:37:56 GMT
I'm genuinely surprised it's not more than £416k. With nudging 4,000 staff that's barely £100 each - a 'proper' office chair would frequently be around three or four times that sum on its own. (Of course, the article itself fails to mention the number of staff - a sense of perspective diminishes the sensational nature of the reporting considerably.) What was of more interest to me was the link to an article reporting the 69,000 complaints received by the FO in the three months of July to September 2020 -- jeez, no wonder it's taking some complainants 6-12months to get so much as a substantive reply, let alone any form of decision. For completeness, the FOS reported having c. 2,700 employees according to March 2020 figures  |
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ribs
Probably not James Marshall
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Post by ribs on Nov 26, 2020 22:25:04 GMT
I cannot fathom they were acting in good faith when this happened. I can only conclude that some form of bribery or corruption was involved to get that notice removed.
The FCA doesn't give a  about you, and that's the cold hard truth.
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ozboy
Member of DD Central
Mine's a Large One! (Snigger, snigger .......)
Posts: 3,156
Likes: 4,830
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Post by ozboy on Nov 27, 2020 11:53:02 GMT
I cannot fathom they were acting in good faith when this happened. I can only conclude that some form of bribery or corruption was involved to get that notice removed.
The FCA doesn't give a about you, and that's the cold hard truth. Bang ON. [Thumbs up emoticon here ]
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69m
Member of DD Central
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Post by 69m on Dec 17, 2020 17:32:40 GMT
The damning report by Dame Elizabeth Gloster concerning how the FCA regulated (or rather didn't) London Capital and Finance has been published: www.bbc.co.uk/news/business-55335378
Of course LCF wasn't P2P, but hopefully there'll be similar reports in the future that cover some of the failed P2P platforms.
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star dust
Member of DD Central
Posts: 2,998
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Post by star dust on Feb 1, 2021 23:54:11 GMT
Two hours long and I haven't listened to much, but there have been several press articles, this is a non-paywalled one
and this one paywalled but rather harder hitting.
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kermie
Member of DD Central
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Post by kermie on Feb 3, 2021 7:04:17 GMT
Googling the FT headline will get past the paywall - interesting read - "Following the report, the Treasury said it would set up a compensation scheme to consider one-off payouts to former LCF investors".
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shw
Posts: 51
Likes: 90
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Post by shw on Feb 4, 2021 11:54:21 GMT
Hi,
Don't suppose there are enough of us damaged by P2P platforms to instigate an online petition to Rishi Sunak to bring FCA to account for not fulfilling its role to protect investors from P2P commercial or criminal negligence.Bailing us out is not quite the headline news as the BANKS in 2008 !
Reaching 100,000 signatures to ensure it gets to house of commons is probably not a reality ! What do you think ?
At the moment we are divided,single voices on each defaulted loan with no teeth to get some form of justice.
Suppose it will fade away just like "timeshare" investments did.
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Post by dan1 on Feb 6, 2021 17:48:16 GMT
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shw
Posts: 51
Likes: 90
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Post by shw on Feb 7, 2021 11:29:02 GMT
Is there a site link for "oil tankers" too
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james100
Member of DD Central
Posts: 983
Likes: 1,190
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Post by james100 on Feb 7, 2021 14:26:01 GMT
Good post, am I correct in assuming they are specifically referencing COL? Also, is that you? 😁
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Post by dan1 on Feb 7, 2021 15:12:24 GMT
Good post, am I correct in assuming they are specifically referencing COL? Also, is that you? 😁 I don't think... COL that is. Not me, before my time (you lucky people have only had me for 4 years  )... P2P seems to have been on a downward spiral since I joined the party 
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agent69
Member of DD Central
Posts: 5,586
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Post by agent69 on Feb 8, 2021 21:07:36 GMT
The governor of the Bank of England has angrily rejected criticism that he was slow to make changes in his previous role overseeing City regulation.
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registerme
Member of DD Central
Posts: 6,182
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Post by registerme on Feb 8, 2021 23:36:35 GMT
I definitely should have applied for that job.
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about you, and that's the cold hard truth.
)... P2P seems to have been on a downward spiral since I joined the party
