The Financial Conduct Authority (FCA) has appointed non-executive chair of the London Stock Exchange Michael Findlay as chair of its independent markets practitioner panel.
Findlay will take up the post from 1 July 2021, succeeding interim chair Tim Waddell, vice chairman, global corporate and investment banking for EMEA, BofA Securities.
The markets practitioner panel provides external and independent input to the FCA from the point of view of financial market participants.
“Michael brings deep capital markets and corporate experience, with an appreciation of the important role that the panel plays in ensuring our regulation is targeted and effective,” said Charles Randell, chair of the FCA.
“Well-functioning capital markets will remain vital to support the economy as the UK starts to recover from the impact of the pandemic.
“We will continue to value the robust and constructive challenge of the panel particularly as we contemplate our approach to the future of regulation and transformation.
“I know Michael will continue the excellent work of his predecessor and I look forward to working with him in the years ahead.
“I would like to thank Tim for his contribution as both a member and chair, and especially for steering the panel throughout the pandemic, allowing it to provide timely input into the FCA’s work.”
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“With the regulator and industry considering how markets need to adapt to be fit for the future, it is especially important that the FCA can call on the expertise of senior industry practitioners,” said Findlay.
“I look forward to working together with my colleagues on the panel and drawing on their broad experience of capital markets to help the FCA achieve a balanced regulatory approach whilst upholding the highest standards.”