Regulation  

FCA coy over discount on £5mn tech spend

In turn, this would limit the choice of suppliers available to the FCA and its ability to obtain best value.

The regulator added: "Similarly, the commercial interests of the chosen supplier may be harmed through disclosure because other potential customers will gain an understanding of what level of pricing the chosen supplier was prepared to offer the FCA.

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"This may be more (or less) than the customer would otherwise have anticipated and be prepared to accept.

It also confirmed it did not provide any ancillary benefits (such as headphones) for staff, nor did it pay for wi-fi outside of office locations.

Lakey added: "In July last year it was revealed that they had ‘lost’ 323 laptops and other electronic devices so let us hope they take better care of these little beauties."

simoney.kyriakou@ft.com