Bank governor Andrew Bailey was among those named in ex-judge’s report on investment scandal
The Treasury needs to consider whether the governor of the Bank of England should face “consequences” over his mishandling of an investment scandal in a previous job, according to the head of an independent inquiry into the matter.
Dame Elizabeth Gloster, a former high court judge, told MPs on Monday that it was for the Treasury and those running the Financial Conduct Authority (FCA) to consider whether action should be taken against three individuals named in her report on the collapse of London Capital & Finance, and what form that should take.
