Tracey McDermott tipped as next FCA chief exec - report

The paper said on 3 January McDermott, the current acting CEO, was the frontrunner to be named Martin Wheatley's successor. It added the appointment was likely to be made within weeks. The report said the FCA was under pressure after it decided to scrap a key review into culture at the country's largest banks. It made the announcement last week. McDermott took over as acting chief executive of the FCA after Wheatley was pushed out by Chancellor George Osborne. "Tracey has proven to be a really strong regulator," the chief executive of one British lender told the Sunday Times. "It's...