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Nationwide becomes latest big British lender to deplete the ranks of the new City watchdog
Nationwide, Britain's biggest mutually-owned lender, has raided the City watchdog to appoint its first compliance chief, the latest example of gamekeeper-turned-poacher in the banking sector Sky News understands that Nationwide has hired Julia Dunn, a senior executive at the Financial Conduct Authority (FCA), as its chief compliance officer amid intense scrutiny by regulators on the behaviour of the country's biggest lenders. Ms Dunn, who will take up her new role in September, is the latest FCA executive to quit for a role in the private sector, dealing a blow to the FCA's efforts to sustain its crackdown on egregious behaviour by the big banks. Among her responsibilities at the watchdog was dealing with building societies' conduct-related issues.....Read more here
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