Financial Conduct Authority acting chief executive Tracey McDermott is to leave the organisation on 1 July, the regulator announced today.
McDermott (pictured) became the acting CEO in September 2015, after Martin Wheatley was ousted by the Chancellor. Andrew Bailey, deputy governor for prudential regulation at the Bank of England and chief executive of the PRA, was announced as the new chief executive of the FCA in late January. On 7 January, 2016 McDermott announced she had decided in early December 2015 to withdraw from the process to appoint the permanent chief executive of the FCA but would continue as acting chief executive until a permanent replacement was in post. What do we know about the new FCA chief? Mc...
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