Findlay New Chair of FCA Market Practitioner Panel

The UK’s Financial Conduct Authority (FCA) has named Michael Findlay as the new chair of its independent Market Practitioner Panel, which provides external and independent input to the FCA from the point of view of financial market participants.

Findlay is non-executive chair of the London Stock Exchange, and has held senior positions at Bank of America Merrill Lynch, Moelis & Company, and UBS. He replaces interim chair Tim Waddell, vice chairman, global corporate and investment banking for EMEA at BofA Securities.

Thanking Waddell for steering the committee through the pandemic, FCA chair Charles Randell, says, “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. 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.”

Findlay adds, “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. 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.”