Incoming Bank of England chief to face questions over investment firm collapse
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LONDON (Reuters) - Bank of England governor-designate Andrew Bailey will be interviewed about his supervision of collapsed investment firm London Capital & Finance as head of the Financial Conduct Authority (FCA), an independent inquiry said on Thursday.LCF collapsed in January 2019, leaving 11,600 bondholders nursing losses of up to 237 million pounds ($312 million). It was selling "mini-bonds" that raise cash for small firms. The bonds were not regulated by the FCA, which Bailey heads, but..