Davis Report reveals extent of FCA communications blunder

Report uncovers numerous failings in handling of communications mistake

Martin Wheatley
Martin Wheatley, CEO of the FCA

The UK Financial Conduct Authority (FCA) walked blindly into a crisis and then dithered in its response, a review into a communications debacle that erupted this March has found.

Published today, the so-called Davis Report dissects the FCA's approach in the run-up to and subsequent handling of a "pre-briefing" of The Telegraph newspaper.

A prepared statement and interview saw sensitive information about an upcoming investigation into insurance contracts unintentionally revealed. Shares in a

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