FCA investigation cost £3.8m
Total costs include £2.04m for the Clifford Chance Review and £1m for advice to the FCA and witness representation.
The investigation into the Financial Conduct Authority (FCA) cost the regulator a total of £3.8m.
According to figures from the watchdog, the Davis Review, conducted by Simon Davis of law firm Clifford Chance, cost £2.04m.
In addition, advice to FCA and witness representation supplied by Kingsley Napey cost £1m, strategic communication advice by FTI Consulting £60,000 and IT support supplied by Fujitsu cost £50,000.
The total cost was £3.15m before taxes.
The regulator, whose only income is
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