This Week in Regulation


The Speed Read

As the FCA get back into the swing of things, this week there has only been a solitary piece of news - the appointment of the new Chair.

New Chair of the FCA appointed

Charles Randell CBE has been announced as the new Chair of the FCA. Charles has extensive experience of regulation and comes from a background in corporate finance law, and has played a key role in financial stability and bank restructuring projects. He has advised HM Treasury on resolutions of failing financial institutions following the financial crisis, such as Northern Rock, Bradford and Bingley, the Icelandic Banks and the Government’s investments into RBS and Lloyds/HBOS.

Andrew Bailey, Chief Executive of the FCA commented that Charles’ experience and knowledge means “…he has a strong understanding of the challenges that the FCA faces…”.

Currently, Charles holds roles as:

  • a member of the Prudential Regulation Committee of the Bank of England;
  • NED and Chair of the Audit and Risk Assurance Committee, Department for Business, Energy and Strategy;
  • a Visiting Fellow in financial services regulation at Queen Mary University of London.

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