'I was surprised. I’m no longer surprised'.
'Manage your guilt'.
Bloomberg News reports that’s Tracey McDermott’s strategy for not beating up on herself about missing dinner at home with her kids or skipping exercise, which the director of enforcement and financial crime at the U.K.’s Financial Conduct Authority has plenty of opportunity to do these days.
The daughter of a road paver and a primary school teacher, McDermott also spends a lot of time thinking about other people’s guilt. She has to decide whether traders who exchanged messages in chat rooms with names such as 'The Bandits’ Club' and 'The Mafia' were colluding to manipulate benchmarks in the $5.3tril-a-day currency market.
'I’m not sure whether you’re ever surprised any more by anything', said McDermott, 45, sitting in a room at the FCA’s London headquarters in Canary Wharf normally used for interviewing witnesses in investigations. 'I was surprised. I’m no longer surprised'.
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