Treasury Committee attacks FCA’s use of media as ‘tool of regulation’

Martin Wheatley
Martin Wheatley

Martin Wheatley, chief executive of the UK's Financial Conduct Authority (FCA), today defended the regulator's use of the media as a "tool of regulation", amid aggressive questioning by MPs.

Wheatley received a grilling alongside FCA chairman John Griffith-Jones during a Treasury Select Committee hearing, convened as part of the investigation into a major communications blunder by the regulator in March 2014.

Mark Garnier, a member of the committee, called the media strategy "bizarre", warning

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