Bailey planning more moderate FCA approach

Red tape in a dispenser

Incoming Financial Conduct Authority CEO Andrew Bailey will not take the "shoot first ask questions later" approach of his predecessor Martin Wheatley when he joins the regulator in July.

According to the Financial Times, Bailey, currently head of the Prudential Regulation Authority, said that approach was not his philosophy.

"We're not going to be doing that. Shooting first and asking

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