The Financial Conduct Authority has launched an independent review into the conduct of its chairman, who has been accused of violating the regulator’s own code of conduct.
Richard Lloyd, the senior independent director on the FCA board, will conduct a review into Ashley Alder’s role in allegedly unmasking a whistleblower after they had asked for their identity to be kept secret.
Alder, who has led the main City watchdog for the past 18 months, forwarded emails from the whistleblower to FCA officials with the whistleblower’s name, address and concerns unredacted.
The pressure on Alder intensified when Harriett Baldwin, chairwoman of the Commons Treasury select committee in the last parliament, expressed concern. “I am sure the committee would want to scrutinise this next time Ashley Alder