The Financial Conduct Authority (FCA) has confirmed director of supervision Clive Adamson is leaving the organisation as it makes sweeping structural and personnel changes.
The regulator confirmed the changes "reflect the lessons learned from recent external reviews" following reports Adamson would be leaving ahead of the publication of a report - due this week - on the watchdog's handling of a media briefing on closed book legacy business. Adamson's fellow executive committee members Zitah McMillan, who is director of communications and international, and Victoria Raffe, director of authorisations, have also announced their departures. The FCA said that, beginning 5 January 2015, it will implement a "new way of working". This will involve bringing t...
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