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LSE's French boss Xavier Rolet says it's time to go. But why?

London Stock Exchange

The London Stock Exchange would like everyone to know it will choose a successor to the chief executive, Xavier Rolet, in a smooth and orderly manner and, since the boss’s last lap of the track could extend until the end of next year, there will be “many opportunities” to celebrate his “remarkable achievements”. It’s nice to know there’ll be a knees-up, but it would be more useful to hear why Rolet has chosen to go.

FCA must backtrack over Saudi oil giant Aramco

Oil Drums

Andrew Bailey, the chief executive of the Financial Conduct Authority, is usually good at reading the breezes. He is the safe-hands operator whom the former chancellor George Osborne switched from the Bank of England to inject some much-needed credibility into FCA after its various calamities.

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