FCA chief: We are not here to be popular

McDermott hits back at critics

Laura Miller
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FCA chief: We are not here to be popular

The acting head of the Financial Conduct Authority (FCA) has defended the regulator against accusations of bias, saying it makes decisions based on "a fair and objective assessment of the facts" and not to please or curry favour with politicians.

In a speech designed to talk tough to critics of the regulator, who have cried foul at its decision to drop a key investigation into banks' culture and the ousting of hardliner CEO Martin Wheatley ...

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