New FCA boss says no return to "shoot first" mentality

Andrew Bailey

The new CEO of the Financial Conduct Authority (FCA), Andrew Bailey, has signalled he will have a softer approach than his predecessor Martin Wheatley, according to the Financial Times. Wheatley's famous line that he would "shoot first and ask questions later" was met at the time with concern among people in the insurance sector. "We're not going to be doing that," Bailey told the Financial Times European Financial Forum in Dublin. He added: "Shooting first and asking questions later is somet