The Financial Conduct Authority (FCA) has reportedly admitted internal failings over a bullying complaint directed at a former senior member of staff.
A report on the Financial Regulators Complaints Commissioner (FRCC) website into the conduct of former FCA director of enforcement and market oversight Mark Steward has reportedly been removed. It had upheld that the senior executive had behaved in an "aggressive, unpleasant and bullying" manner towards a creditor of a collapsed payments firm, The Times reported. As per The Times, it has since been established that Steward was not made aware of the complaint against him, while potential witnesses to the event were not approached. Under the terms of the since removed report, the regula...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes