Fund groups step up lobbying of FCA ahead of Final Report

To be released on 28 June

Financial Conduct Authority (FCA) chief executive Andrew Bailey has met asset management lobby groups 18 times since taking up his role last July, as the industry seeks to defend its position ahead of the publication of the Final Report on the Asset Management Market study later this week.

According to the Financial Times, the Investment Association, Investment Company Institute and New City Initiative are among firms to have met Bailey over the past year. Bailey, formerly chief executive of the Prudential Regulatory Authority, took over the role last July and has met with asset management representatives 18 times since then to the end of March. His record compares favourably to his predecessor Tracey McDermott, who only held three meetings with investment groups during the ten months of her tenure. The regulator is due to publish the Final Report on its Asset Manage...