The FCA and PSR have announced Alison Potter’s appointment as chair for key committees, marking a significant leadership transition.
- The Regulatory Decisions Committee (RDC) and Enforcement Decisions Committee (EDC) undertake crucial regulatory roles within these organisations.
- Independent decision-making skills were pivotal in the selection of committee members.
- The outgoing chair, Tim Parkes, will conclude his near nine-year tenure later this year.
- Alison Potter’s extensive financial expertise is expected to benefit the committees significantly.
The Financial Conduct Authority (FCA) and Payment Systems Regulator (PSR) have officially appointed Alison Potter as the new chair of their Regulatory Decisions Committee (RDC) and Enforcement Decisions Committee (EDC). Both committees are integral in making decisions that guide the regulatory frameworks of the FCA and PSR.
Committee members are chosen for their ability to make decisions independently, grounded firmly in evidence and experience. Potter’s appointment, effective from the 1st of November 2024, signals a pivotal moment for the organisation as they anticipate a smooth transition period alongside the current chair, Tim Parkes.
Tim Parkes, who will be stepping down later this year, has been recognised for his nearly nine years of leadership and service that significantly contributed to the committees’ operational success. As Parkes departs, the emphasis is on continuity and the effective handover of responsibilities to Potter, who is seen as a fitting successor due to her deep knowledge of financial services and adept decision-making capabilities.
Bernadette Conroy, a non-executive director and chair of the FCA’s risk committee, expressed her enthusiasm over Potter’s appointment. She highlighted that Potter brings a wealth of experience that is poised to elevate the performance and effectiveness of the RDC and EDC. This strategic transition is underscored by a shared commitment to maintaining the momentum and integrity of these crucial regulatory bodies.
Alison Potter’s appointment signifies a strategic enhancement in decision-making leadership within the FCA and PSR.
