- Lenders provide 650,000 UK businesses with £27.5bn in finance through COVID-19 schemes
- UK lenders approve almost 1.5million payment holidays on credit cards and personal loans
- Scope says UK banks to manage through challenging times with regulatory encouragement
- Latest Lloyds Bank Business Barometer says business confidence falls to record low as economic shutdown continues
- Mastercard says 78% of all transactions across Europe are now contactless
- Research indicates 56% of consumers more likely to use contactless as their preferred spending method when thinking about future trips abroad
- Auriga's Mark Aldred comments on the future need for ATMs in the UK expired
- Reinhart appointed as the new Vice President and Chief Economist of the World Bank Group expired
- S&P Global publishes article headed "Islamic Finance And ESG: Sharia-Compliant Instruments Can Put The S In ESG" expired
- High-income households willing to take on riskier post-COVID-19 investments, says GlobalData expired
- Moneyfacts says fixed bond rate gap tumbles as one-year attracts expired
- Northpointe Bank named a top-performing bank in the US again by the ICBA expired
8th November 2019
New appointments to Financial Conduct Authority board announced
Three new appointments to the board of the Financial Conduct Authority (FCA) have been made by the Economic Secretary to the Treasury. Liam Coleman, Alice Maynard CBE and Tommaso Valletti will take up roles as Non-Executive Directors to the board of the FCA.
Alice Maynard was jointly appointed by HM Treasury and the Department for Business, Energy and Industrial Strategy. They will each serve 3-year terms beginning today, 5 November 2019.
The Economic Secretary to the Treasury, John Glen, said: “The FCA has a vital role in ensuring our financial sector keeps people safe and that firms put customers at the heart of their decisions. So, I am delighted to announce these new appointments to the FCA Board. Their wealth of experience and expertise will be incredibly valuable to the crucial work of the regulator.”
Chair of the FCA, Charles Randell, said: “I’m delighted to welcome such an impressive group of new non-executive directors to the FCA Board. They have extensive combined experience both in financial services and a range of public service organisations. As the FCA continues to adapt to deliver its Mission effectively in our rapidly changing world, its Board will continue to provide essential support and challenge.”
The new members will bring a variety of experience and knowledge to the Board. Liam Coleman has held senior leadership roles in banking, including as the CEO of the Co-Op Bank. He is currently chair of Great Western Hospitals NHS Trust.
Alice Maynard has wide ranging experience as a non-executive director and advisor across a range of regulated industries. She is currently a Board member at HMRC and Transport for London and previously was chair of the charity Scope.
Tommaso Valletti is a highly experienced competition and regulatory economist, who has varied experience across academia, multilateral development banks and, most recently, as one of the two most senior competition experts at the European Commission.