Tracey McDermott admits she no longer wants chief executive role but still faces grilling by MPs on watchdogs softly-softly approach to bankingThe acting boss of the City regulator is to face a grilling from MPs later this month approximately whether the watchdog is softening its stance towards bankers even though it has emerged she has withdrawn as a candidate to take over the helm of the Financial Conduct Authority.
Tracey McDermott,who earned a reputation as a tough operator after imposing enormous fines on banks during the Libor crisis, pulled out of the race to be chief executive of the FCA at the final stage just before Christmas. Related: FCA bosses to face MPs over dropped review into banking culture Continue reading...
Source: theguardian.com