The Financial Conduct Authority (FCA) and Payment Systems Regulator (PSR) have selected Alison Potter to chair key decision-making committees, succeeding Tim Parkes.
- Alison Potter brings extensive financial services expertise to her new role, enhancing the committees’ effectiveness.
- Tim Parkes, praised for his nearly nine years of leadership, will assist during a transitional period before stepping down.
- Bernadette Conroy highlighted Potter’s appointment as a significant boost to regulatory decision-making capabilities.
- With Potter’s leadership, the committees are poised to maintain their role in crucial regulatory decisions.
The Financial Conduct Authority and the Payment Systems Regulator have officially appointed Alison Potter as the new chair of the regulatory decisions committee as well as the enforcement decisions committee. This appointment is seen as part of a strategic transition in leadership following Tim Parkes’ announcement to step down from the chair position later in the year.
Known for her substantial experience in the financial services sector, Alison Potter is expected to bring a fresh perspective and robust capability to the committees she will lead. Her new role is anticipated to start from 1st November 2024, ensuring a seamless transition in leadership.
Tim Parkes has been acknowledged for his nearly nine years of dedicated service, during which he made substantial contributions to the important functions of the RDC and EDC. He will remain in a supportive capacity during the transition period, facilitating a smooth handover of responsibilities to Potter.
Bernadette Conroy, a non-executive director at the FCA and chair of the risk committee, expressed enthusiasm about Potter’s appointment. Conroy emphasised Potter’s wealth of knowledge and decision-making prowess as assets that will significantly enhance the committees’ capacity to perform their roles effectively.
With Potter at the helm, the regulatory decisions committee and the enforcement decisions committee are expected to continue their essential roles of making independent and evidence-based decisions, crucial for the regulatory landscape.
Alison Potter’s leadership heralds a new chapter for the committees, promising enhanced decision-making capabilities.
