Davis Report reveals extent of FCA communications blunder

Martin Wheatley
Martin Wheatley, CEO of the FCA

The UK Financial Conduct Authority (FCA) walked blindly into a crisis and then dithered in its response, a review into a communications debacle that erupted this March has found.

Published today, the so-called Davis Report dissects the FCA's approach in the run-up to and subsequent handling of a "pre-briefing" of The Telegraph newspaper.

A prepared statement and interview saw sensitive information about an upcoming investigation into insurance contracts unintentionally revealed. Shares in a

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