‘Business as usual’ for FCA as it awaits Clifford Chance review
Watchdog will "not go into purdah" while investigation takes place.
The Financial Conduct Authority (FCA) said it was "business as usual" despite the ongoing investigation into the press briefing that allegedly led to £6bn being wiped off the value of insurers.
Simon Davis of law firm Clifford Chance was appointed to lead an independent inquiry into the FCA's handling of the announcement that it would be looking at the fair treatment of long standing customers in life insurance.
The briefing, covered by the Daily Telegraph on 27 March, knocked £6bn off the value
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