UK FCA Appoints Three New Directors

The UK’s Financial Conduct Authority (FCA Financial Conduct Authority (FCA) The Financial Conduct Authority (FCA) is the largest financial regulator for all financial markets in the United Kingdom (UK).The UK regulator is responsible for the conduct of firms authorized under the Financial Services and Markets Act 2000. Moreover, the FCA is also responsible for the regulation of behavior in retail and wholesale financial markets, supervision of the trading infrastructure that supports those markets, and the prudential regulation of firms not regulated by the PRA. Its rol The Financial Conduct Authority (FCA) is the largest financial regulator for all financial markets in the United Kingdom (UK).The UK regulator is responsible for the conduct of firms authorized under the Financial Services and Markets Act 2000. Moreover, the FCA is also responsible for the regulation of behavior in retail and wholesale financial markets, supervision of the trading infrastructure that supports those markets, and the prudential regulation of firms not regulated by the PRA. Its rol Read this Term) announced that it appointed three senior directors in different departments on Tuesday. According to the press release, the watchdog picked two new Directors of Authorizations as it successfully filled 95 new authorization roles. Moreover, a new Finance Director has been selected.

One of the two new Directors of Authorization roles will be filled by Laura Dawes. Currently, Dawes is the FCA’s interim Director of Strategy, Policy, International and Intelligence. Dominic Cashman will serve as Co-Director of Authorization.

Before joining the regulator, Cashman most recently served as Interim Group Head of Operations at TP ICAP, an interdealer broker. They will begin their new roles at the end of April and early May.

New Finance Director

Moreover, Craig Chapman will join the FCA in May as the Finance Director. Chapman is the Chief Financial Officer at RTX RouteTrader, a fintech Fintech Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Read this Term in the telecommunications sector. Before ED&F Man, Chapman had held senior finance positions at Barclays Capital and ED&F Man. Additionally, Chapman was appointed after David Godfrey retired as the FCA’s Finance Director.

“I look forward to welcoming Craig, Dominic and Laura to their new roles later this spring. Tackling the risk of consumer harm starts when firms apply to us for authorization. Dominic and Laura will lead this vital part of the regulatory system. Craig is an experienced chief financial officer who will play a central part in making sure we have the right resources, and we’re using them in the best way possible to meet our important objectives,” Emily Shepperd, the Chief Operating Officer and Executive Director of Authorizations at the FCA, commented.

The FCA issued the following statement on the two new appointments of the Directors of Authorizations: “The FCA has committed to a more robust and efficient authorization process, with greater focus on the financials and business models of firms applying to operate in regulated financial markets. As well as recruiting almost 100 new colleagues, the FCA has reformed its authorization process with more decisions now taken by individual senior managers rather than by committees.”