The board will be responsible for overseeing the work of the FCA as it pursues its operational objectives from 1 April, 2013.
The board will be responsible for overseeing the work of the FCA as it pursues its three operational objectives from 1 April 2013 to:
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secure protection for consumers;
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protect and enhance the integrity of the UK financial system; and
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promote effective competition in the interests of consumers.
As previously announced, the FCA will be chaired by John Griffith-Jones, with Martin Wheatley as chief executive. The executive members will be:
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Tracey McDermott, FCA director of enforcement and financial crime;
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Clive Adamson, FCA director of supervision; and
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Lesley Titcomb, FCA chief operating officer.
Andrew Bailey, chief executive of the Prudential Regulation Authority, Mick McAteer, Amanda Davidson and Sir Brian Pomeroy will re-join the board as non-executive directors.
Beyond the existing board members, three non-executive directors are being announced today. They are Jane Platt, David Harker and Amelia Fletcher.
Financial Secretary to the Treasury, Greg Clark said: “The financial services industry is integral to the success of the UK; it supports economic growth and our society as a whole. The new Financial Conduct Authority will exist to rebuild trust and confidence in the sector, through a renewed and proactive focus on conduct regulation.”
Press release
© HM Treasury
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