FCA execs face pressure to hand back £90k bonuses after LCF and Connaught reviews - reports

Megan Butler and Jonathan Davidson under pressure

Mike Sheen
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Megan Butler and Jonathan Davidson of the FCA
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Megan Butler and Jonathan Davidson of the FCA

Financial Conduct Authority (FCA) executives Megan Butler and Jonathan Davidson face pressure to hand back £90,000 in bonuses awarded to them for the 2018-19 financial year, following the damning findings of the Connaught and London Capital & Finance (LCF) reports.

The publication of the independent reports yesterday (17 December), which have forced the FCA to apologise and promise to overhaul its processes, has now led to intervention by parliamentarians who demand...

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