The FCA and PSR have appointed Alison Potter as the new chair of their decision-making committees.
- Alison Potter will lead the FCA’s regulatory decisions and PSR’s enforcement decisions committees from November 2024.
- The appointment precedes the departure of Tim Parkes, who has led these committees for nearly nine years.
- The selection criteria for committee members were based on their experience and independent decision-making abilities.
- Bernadette Conroy highlighted Potter’s extensive experience as a valuable asset to the committees.
The Financial Conduct Authority (FCA) and Payment Systems Regulator (PSR) have named Alison Potter as the incoming chair to oversee the important regulatory and enforcement decisions of both organisations. Potter’s appointment marks a strategic transition as she takes over from the long-serving chair, Tim Parkes.
Alison Potter is set to assume her new role on the 1st of November, 2024, following a brief period of overlap with her predecessor, Tim Parkes. This strategic move is anticipated to ensure a smooth transition in leadership responsibilities, thereby maintaining the committees’ operational efficiency.
Tim Parkes, who has been at the helm for nearly nine years, is recognised for his commitment and leadership in guiding these critical decision-making bodies. Under his tenure, the committees have been instrumental in upholding regulatory standards and enforcing policies effectively.
The new appointment reflects a continued commitment to excellence, as highlighted by Bernadette Conroy, FCA’s non-executive director. Conroy expressed her confidence in Potter’s capability, citing her wealth of experience in financial services and decision-making.
The selection process for committee members focusses heavily on their ability to make independent decisions based on comprehensive evidence and practical experience. Such criteria are essential to uphold the integrity and authority of the regulatory and enforcement functions entrusted to these committees.
This strategic appointment ensures continued robust leadership in regulatory and enforcement decisions at the FCA and PSR.
