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From the Insurance Times

However, some believe that the FCA should have been “ultra-honest” and sent the letter to the press themselves.

Branko Bjelobaba added: “[The FCA] ask all regulated firms to act with integrity and to be open and honest with them, yet they try and hide their own issues.  I was of the opinion that they only hired staff of the highest calibre – professional, steadfast, leaders, movers and shakers – there to lead the financial services profession, but to have staff poo and wee on the bog floor demands that they clean up their act pronto.”

He told Insurance Times that to have “women knocking back alcohol and then dumping the bottles in the sanitary bins” suggested there are concerning staff issues that are not being dealt with, contradicting the ethos of today’s world of employment.