Tracey McDermott tipped for permanent CEO role at FCA

Tracey McDermott of the FCA

Tracey McDermott, currently the acting chief executive officer at the Financial Conduct Authority (FCA), is set to be handed the position on a permanent basis, according to newspaper reports this weekend.

An article in The Sunday Times detailed that her appointment as the permanent CEO "is expected to be announced in the coming weeks".

The previous incumbent, Martin Wheatley, announced his intention to leave the watchdog in July last year.

His decision to stand down as chief executive was