Somewhat predictably a group of MPs have this week called on FCA chief executive Andrew Bailey to resign over the £236m London Capital and Finance mini-bond mess.

The Financial Services Compensation Scheme has today launched a registration scheme for victims of the £236m failed mini-bond provider London Capital & Finance (LCF) as it “explores possible grounds for compensation.”

The Financial Services Compensation Scheme has reiterated today that its door is closed to claims against the £236m collapsed mini-bond firm London Capital & Finance - but it could review its stance.

The news this week that the FCA will commission an independent report into its handling of the LC&F mini-bond scandal is not an admission of guilt but it is perhaps the first sign that regulation failed investors who had the misfortune to use this company.