UK's FCA unveils reshuffle ahead of critical report

Report on communications blunder due this week

Tracey McDermott of the FCA
Tracey McDermott will lead one of the FCA's new divisions

The UK's banking watchdog, the Financial Conduct Authority (FCA), is overhauling its senior management as it comes under fire for supervisory failings and a communications blunder that saw sensitive information released to the media.

As part of the "structural changes", three directors will leave the FCA. Clive Adamson was head of supervision, Zitah McMillan head of communications and Victoria Raffe head of authorisations.

Adamson was at the centre of controversy in March this year after he told

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