Treasury Committee looks at secondment risk: Martin Wheatley has written to the Treasury Committee in response to the Committee's concern that retail banks' and asset managers' use of secondees from advisory firms might create a conflict of interest. The letter says FCA has looked at 10 firms and considered their use of free or cheap secondees. It has concluded there is no widespread practice either of acting in this way, or of any consumer detriment and so it will not be investigating further. (Source: Treasury Committee Looks at Secondment Risk)