ECB seeks to shield central bankers from FCA press briefing trap

The European Central Bank has issued guidelines for central bankers to help them avoid the kind of communication error that saw former Financial Conduct Authority chief executive Martin Wheatley forgo his bonus after a much-criticised press briefing last year. The heads of supervision and communications – Clive Adamson and Zitah McMillan – left the FCA in the wake of the debacle, while Wheatley himself was not reappointed by HM Treasury when his contract came to be renewed.