Chief Andrew Bailey will appear before MPs to answer questions on the work of the Financial Conduct Authority, including a consultation on allowing sovereign-owned companies a premium listing in the UK.
Andrew Bailey, FCA
A consultation that would see sovereign-owned companies allowed a premium listing on the London Stock Exchange is set to face further scrutiny from members of the House of Commons who have already expressed concern about the potential impact on UK corporate governance.
Andrew Bailey, chief executive of the Financial Conduct Authority (FCA), will appear before MPs on the treasury select committee tomorrow. The FCA has recently undertaken a review of the listing rules that has been widely interpreted as a move that would permit Saudi Arabia's state-owned Aramco oil company to list in London.
The treasury committee is chaired by Nicky Morg
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