FCA executives to lose bonuses, reports say
Senior management set to loses bonuses as Davis Report criticism expected.
Senior management at the Financial Conduct Authority (FCA) are set to lose their bonuses, according to a report in the Financial Times.
The report said that executives, including chief executive Martin Wheatley, were set to be singled out for criticism in the Davis Report.
Dossier
The dossier investigates a mistake by the regulator which led to the share prices of the big insurers falling. It is believed Simon Davis, partner at Clifford Chance, is due to publish his report tomorrow (10 December)
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