The City watchdog has admitted that it should be investigated over failings relating to the collapse of investment firm London Capital & Finance.
The Financial Conduct Authority (FCA) said that a probe should be carried out by an independent person, looking into whether the regulatory system adequately protects retail purchasers of mini-bonds from unacceptable levels of harm.
READ MORE: EasyJet warns of £275m loss as 'Brexit holds back demand'
In addition, the FCA's supervision of LCF should be put under the microscope, it was reported.
LCF went into administration at the end of January.
Superdry founder Julian Dunkerton is gearing up for a crunch shareholder vote.
Mr Dunkerton will face an investor ballot on his comeback on Tuesday having left the board last year, but his campaign has so far failed to gain major traction.
Thames Water has unveiled its renewed business plan after the industry regulator said its previous efforts were not good enough.
Under the new plan, the company aims to reduce combined bills by 1.3%, giving the average customer a discount of £5 before inflation by 2025.
Overall, Thames Water aims to reduce the budget for the five years from 2020 to £10.9 billion, down from £11.7 billion.
Why are you making commenting on The Herald only available to subscribers?
It should have been a safe space for informed debate, somewhere for readers to discuss issues around the biggest stories of the day, but all too often the below the line comments on most websites have become bogged down by off-topic discussions and abuse.
heraldscotland.com is tackling this problem by allowing only subscribers to comment.
We are doing this to improve the experience for our loyal readers and we believe it will reduce the ability of trolls and troublemakers, who occasionally find their way onto our site, to abuse our journalists and readers. We also hope it will help the comments section fulfil its promise as a part of Scotland's conversation with itself.
We are lucky at The Herald. We are read by an informed, educated readership who can add their knowledge and insights to our stories.
That is invaluable.
We are making the subscriber-only change to support our valued readers, who tell us they don't want the site cluttered up with irrelevant comments, untruths and abuse.
In the past, the journalist’s job was to collect and distribute information to the audience. Technology means that readers can shape a discussion. We look forward to hearing from you on heraldscotland.com
Comments & Moderation
Readers’ comments: You are personally liable for the content of any comments you upload to this website, so please act responsibly. We do not pre-moderate or monitor readers’ comments appearing on our websites, but we do post-moderate in response to complaints we receive or otherwise when a potential problem comes to our attention. You can make a complaint by using the ‘report this post’ link . We may then apply our discretion under the user terms to amend or delete comments.
Post moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours.
Read the rules hereComments are closed on this article