FCA staff reveal discontent as leadership changes - report

Follows departure of Wheatley last year

Half of staff at the Financial Conduct Authority are unhappy with the regulator's leadership, according to results given to the Financial Times through a freedom of information request.

Just 50% of the 2,272 staff who completed an internal survey carried out by the regulator positively responded to questions over its leadership, following the ousting of chief executive Martin Wheatley (pictured) in July last year. The FT said the result is 7% worse than a similar survey undertaken in 2014 and 7% lower than the average response rate at UK financial services companies. Wheatley exit: Questions raised over FCA-Treasury relationship The request also revealed that only 44% of staff gave a positive response to questions around recruitment, retention and development at t...