The board will be responsible for overseeing the work of the FCA as it pursues its three operational objectives from 1 April 2013 to secure protection for consumers; protect and enhance the integrity of the UK financial system; and 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:
-
Tracey McDermott, FCA director of enforcement and financial crime;
-
Clive Adamson, FCA director of supervision; and
-
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
Key
Hover over the blue highlighted
text to view the acronym meaning
Hover
over these icons for more information
Comments:
No Comments for this Article