FCA bonus cull and bloodletting after Davis review

Martin Wheatley, CEO of the UK's Financial Conduct Authority
(FCA), will forgo his £115,000 annual bonus after a bungled
media briefing led to millions being wiped off the value of UK life
insurers in March 2014.
A £2mn independent investigation into the event by Simon
Davis of law firm Clifford Chance found that the decision to
provide a newspaper with an advance briefing was well intentioned,
but the strategy and manner in which it was pursued was
"high-risk, poorly supervis