FCA confirms panel chair appointments
The Financial Conduct Authority has confirmed Kirsty Cooper as Chair of the Listing Authority Advisory Panel, and reappointed Clare Woodman and Matt Hammerstein to lead the Markets Practitioner Panel and Practitioner Panel respectively. Cooper's term begins July 1, while Woodman and Hammerstein continue from August 1.
New leadership for market oversight
Kirsty Cooper, a Non-Executive Director at Scottish Widows Group and Aon UK, will take up the role as Chair of the Listing Authority Advisory Panel (LAAP) from July 1. FCA Chair Ashley Alder welcomed Cooper, noting her appointment comes "at a time of profound change across markets.
" Cooper emphasized the Panel's role in providing the FCA with "an essential link to the perspective of the primary markets" and advising on emerging policy priorities and market challenges.
The panels are crucial for helping the FCA develop policy by representing the interests of consumers and financial services firms, including smaller regulated entities.
Industry dialogue in evolving markets
Clare Woodman, CEO of Morgan Stanley & Co International, and Matt Hammerstein, CEO of Barclays UK Corporate Bank, have been reappointed to continue as Chairs of the FCA Markets Practitioner Panel and FCA Practitioner Panel from August 1. Woodman highlighted the value of close engagement between industry and the FCA, stating that "as financial markets evolve, that dialogue is more important than ever.
" Hammerstein underscored the Practitioner Panel's vital role in helping the FCA understand the real-world impact of its policies and ensuring they deliver the right outcomes, especially with an increased focus on UK competitiveness and growth.
Strengthening regulatory engagement
These appointments underscore the FCA's commitment to robust industry engagement, particularly as markets navigate profound changes.
The panels provide crucial real-world perspectives, ensuring policies remain effective and proportionate.
Their continued operation is vital for maintaining the UK's financial competitiveness and fostering a dynamic regulatory environment.