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FCA reputation diminished after damning Davis report

Martin Wheatley
Wheatley: will lose out on bonus

The Financial Conduct Authority has been left "diminished" by a damning report into its handling of publicity around a life insurance thematic review, according to certain market observers.

The FCA appointed Clifford Chance partner Simon Davis in April to investigate its actions after it disclosed to The Telegraph it would investigate closed books of life insurance business dating from

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