The Treasury Committee has published its report confirming its approval for the appointment of Ashley Alder as the next chair of the Financial Conduct Authority (FCA).
Alder was questioned in a pre-appointment hearing yesterday (14 December) with the committee now stating they are satisfied he has the professional competency necessary to take the role. Concerns had been raised by MPs about Alder's understanding of UK financial markets, with him having spent the majority of his career working in Hong Kong. Despite the concerns over his inexperience with UK financial services regulation, it has been confirmed Alder will familiarise himself with various legacy issues that will be important including those stemming from the Global Financial Crisis. ...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
