FCA must backtrack over Saudi oil giant Aramco | Nils Pratley

Plans to rewrite London listing rules to attract premium flotations leave a bad taste in the mouthAndrew Bailey, the chief executive of the Financial Conduct Authority, is usually good at reading the breezes. He is the safe-hands operator whom the former chancellor George Osborne switched from the Bank of England to inject some much-needed credibility into FCA after its various calamities. For most part, the FCA under Bailey has performed as intended. Muscular common sense and a sound grasp of m