Here you can browse the report together with the Proceedings of the Committee. The published report was ordered by the House of Commons to be printed 17 March 2015.
Terms of Reference
1 Introduction
The FCA's role as the markets regulator and the UK Listing Authority
2 The independence of Simon Davis's inquiry
Announcement of the inquiry
Terms of reference and protocol
Was the protocol breached?
3 The FCA's approach to communications
Using communications as a 'tool of regulation'
Pre-briefing the press on forthcoming FCA announcements
A failure of strategy or controls?
4 Failures of oversight and co-ordination at the FCA
The Executive Committee's failure to oversee the communications strategy
A failure to share expertise in price sensitivity
An ineffective relationship between the communications area and supervision
A failure of co-ordination between senior staff on 28 March 2014
5 The FCA's response to the Davis report
Individual accountability
The FCA's new strategic approach
The departures of Clive Adamson and Zitah McMillan
The timing of the announcement
6 Regulating the regulator
Collective and individual accountability
Role of the Board
7 Overall conclusions
Conclusions and recommendations
Formal Minutes
Witnesses
Published written evidence
List of Reports from the Committee during the current Parliament
