FCA officials grilled on second communications backlash

MPs accuse FCA of failing to recognise perceived importance of dropped bank culture review

Tracey McDermott of the FCA
Tracey McDermott, FCA

UK members of parliament took the Financial Conduct Authority (FCA) to task on January 20 for failing to accurately gauge the public perception of a dropped bank culture review, leading to a strong backlash.

Despite having raised the prospect of a "thematic review" of bank culture in its business plan for 2015/16, to focus on "remuneration, appraisal and promotion decisions of middle management", the FCA decided late in 2015 to abandon it. But rather than releasing the information publicly – for

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