The "integrity" of Financial Conduct Authority is being compromised by former senior staff moving straight into roles in the City, a member of public told the regulator's top brass today.

The FCA should prohibit former staff from moving to jobs in the financial services sector for at least two years after leaving, audience member Michael Mason-Mahon said at the regulator's annual public meeting. He added that the FCA's senior management had "an obligation to the people of Great Britain and to the world".