Andrew Bailey, Chief Executive of the FCA wrote to Rt Hon. Nicky Morgan MP, Chair of the Treasury Committee. This was in response to Nicky Morgan’s letter on the 10 June 2019 which asked for information from the FCA regarding issues relating to the suspension of Woodford Fund.
This report provides an extended account of the FCA’s investigative work on the RBS Global Restructuring Group (GRG). It follows the announcement of the conclusion of the investigation in July 2018 and that the FCA would not be taking enforcement action as a consequence.