FCA figures show CEO has stepped up expenses claims substantially in second half – 16th May 2017

Andrew Bailey, chief executive of the Financial Conduct Authority (FCA), stepped up his allowance and expense claims substantially in the second half from the first of a recent 12-month period. The expenses are largely foreign travel, the FCA figures show. In the 12 months to end-March 2017, Bailey claimed approximately £31,526 in allowances and expenses, of which £29,603, or 94 percent, covered the last six months. This period broke down into £16,034 in October to December 2016, and £13,569 in January to March 2017. The remaining £1,922 was from July to September 2016, and from April to June of that year, his expenses were nil. Over the year, Bailey spent £23,519 on foreign travel, his highest expense, mostly spread fairly evenly over the most recent six months, with only £542 in July to September 2016 and nil in April-June of that year.

 

Alex Davidson – Regulatory Intelligence