London Stock Exchange’s Michael Findlay has been made chair of the Financial Conduct Authority’s (FCA) Markets Practitioner Panel (MPP).
Findlay will assume the role on 1 July 2021, taking over from interim chair Tim Waddell, BofA Securities vice chairman, global corporate & investment banking for EMEA.
Members of the MPP are senior level industry figures from the major sectors of the UK’s wholesale and securities markets, including representatives from Morgan Stanley, Credit Suisse and Goldman Sachs.
The MPP provides industry input into the FCA’s strategy and policy development and has identified six priority areas for the coming year, including FCA transformation, LIBOR transition and sustainable finance.
Findlay was appointed as non-executive chair of the London Stock Exchange in June 2020 and has held senior positions at Bank of America Merrill Lynch, Moelis & Company and UBS.
Welcoming the appointment, 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.”
On his new appointment, Findlay says: “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.”
