FCA Chair Charles Randell to step down

Steffy Bogdanova
October 15, 2021 1:38 pm

Charles Randell has decided leave his position as Chairman of the Financial Conduct Authority (FCA) and the Payment Systems Regulator (PSR) in Spring next year.

Randell has asked chancellor Rishi Sunak to start looking for his successor.

Charles Randell said:

As the FCA prepares to implement its new wholesale, retail and data strategies under an established new executive, now is the right time for a new Chair to carry on the close and continuous oversight of our transformation.

During the pandemic, the FCA stood up for consumers and businesses, while the markets we oversee proved resilient, laying the foundations for record capital raising to support the recovery.

FCA Chair Charles Randell to step down

Randell will take up the role of Chair of FCA on 1 April 2018.

Chancellor Rishi Sunak commented:

I want to thank Charles Randell for his work as Chairman of both the Financial Conduct Authority and the Payment Systems Regulator during this important period.

Both organisations undertake a vital role in ensuring that the UK financial markets work well, protecting the interests of consumers, promoting effective competition, and enhancing the integrity of the UK financial system.

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Experienced writer and journalist, working in the global online trading sector, Steffy is the Editor of LeapRate. She has previous experience as a copywriter and has been with the company since January 2020. Steffy has a British and American Studies degree from St. Kliment Ochridski University in Sofia.
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