29-11-2018, 09:26 AM
(28-11-2018, 04:29 PM)CoolingDude Wrote:The FCA stated "When challenged by the FCA, the Collateral Companies agreed to cease their lending activities and, on 26 February 2018, the lending platform became inoperative"(28-11-2018, 04:05 PM)ozboy Wrote: As has been pointed out, and I had forgotten, the Directors of Collateral put themselves into Administration. Seemingly planning of course to then embark on some cunning sort of cosy deal with RR.
However, it seems that Collateral's Director's decision to enter Administration was caused by The FCA's actions in some manner or other.
Our Complaints and Claims for Compensation obviously need to be absolutely factual and correct if we are to succeed with our actions.
According to the court day when BDO was appointed, FCA only found out about the COL shenanigans after 01/03. It would suggest that the FCA didn't have any direct bearing in the COL collapse
Why exactly COL went kaputt is still unknown (AFAIK)
The interim permissions that COL had (or alas.. didn't have) did suddenly dissipate in February; exactly what happened for that to occur is also unknown (again... AFAIK)
So many questions... so few answers
and didn't they say that they had been in extensive discussions with Collateral regarding their authorisation ?
So I think that the FCA must have known a fair bit about about what was happening ......