LONDON (Reuters) - Britain's financial watchdog must act faster on scams, its chair said on Monday as he announced that senior officials face pay cuts and no bonuses following criticism of the regulator's role in the collapse of London Capital & Finance (LCF) investment fund.

https://uk.finance.yahoo.com/news/britains-financial-watchdog-bosses-pay-160305312.html?soc_src=social-sh&soc_trk=tw&tsrc=twtr