Treasury Committee attacks FCA’s use of media as ‘tool of regulation’
Media strategy 'bizarre' and a 'colossal risk', MPs warn
Martin Wheatley, chief executive of the UK's Financial Conduct Authority (FCA), today defended the regulator's use of the media as a "tool of regulation", amid aggressive questioning by MPs.
Wheatley received a grilling alongside FCA chairman John Griffith-Jones during a Treasury Select Committee hearing, convened as part of the investigation into a major communications blunder by the regulator in March 2014.
Mark Garnier, a member of the committee, called the media strategy "bizarre", warning
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