New Appointments Announced For Governance Of UK Financial Conduct Authority

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Three new Chairmen have been appointed to the independent Panels which lead the process for constructive challenge of the Financial Conduct Authority’s (FCA’s) policies and practices from the point of view of regulated firms.

The appointments are as follows:

FCA Practitioner Panel Chairman – Graham Beale, Chief Executive of Nationwide Building Society

FCA Smaller Business Practitioner Panel Chairman – Andrew Turberville Smith, Finance Director and Chief Operating Officer of Weatherbys Bank

FCA Markets Practitioner Panel Chairman – Paul Swann, President and Managing Director, ICE Clear Europe

All three Practitioner Panels will have an important statutory role in providing input and challenge at an early stage to policy developments for the FCA. It is on the basis of the valuable input of the previous Financial Services Authority (FSA) Practitioner Panels, that the Government took the decision to create three Practitioner Panels for the FCA.

In addition, two new appointments have recently been made to the Practitioner Panel, to replace former members. Alison Brittain, Group Director of Retail at Lloyds Banking Group, and Michael Dobson, Chief Executive of Schroders have both joined the Practitioner Panel this year, in readiness for transfer to the FCA Practitioner Panel.

John Griffith-Jones, chairman designate of the FCA said: 'I am delighted that we have been able to make such strong appointments to these valuable roles. The Panels provide an injection of senior industry expertise and opinions directly in to the FCA Board’s deliberations. We are grateful to the previous Chairmen of the FSA Panels, Joe Garner and Guy Matthews who had both agreed to stay on until the end of the FSA and are handing over Panels with a respected track record to the new Financial Conduct Authority'.

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