FCA appoints law firm Clifford Chance to examine closed-book 'blunder'
Non-exec directors at the Financial Conduct Authority (FCA) have appointed Simon Davis, a partner at Clifford Chance, to conduct an independent inquiry into the handling of its announcement of a proposed investigation into the fair treatment of long standing customers in life insurance contracts.
Davis will assess whether there was an appreciation the FCA's 2014-2015 business plan could contain price-sensitive information, and what the regulator's guidelines are concerning press interviews...
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