Financial Conduct Authority
FCA announces new chair of the Smaller Business Practitioner Panel
Charles Randell, Chair of the Financial Conduct Authority, has today announced the appointment of Marlene Shiels, Chief Executive of Capital Credit Union, as Chair of the FCA’s Smaller Business Practitioner Panel from 1 October 2019. She has been a member of the Panel since 2015 and succeeds Craig Errington, Group Chief Executive of Wesleyan.
Welcoming the appointment, Charles Randell said:
“The Smaller Business Practitioner Panel plays a vital role in ensuring that the voice of smaller firms in the industry is heard in the UK's regulatory system. I am sure that Marlene will continue the excellent work of her predecessors and I look forward to working with her in her new role.
“I would also like to thank Craig for his contribution, over several years, to the work of the Panel as a member and latterly as Chair.“
Marlene Shiels, Chief Executive of Capital Credit Union, said:
“The Smaller Business Practitioner Panel plays a very important role in the regulatory environment. It represents a significant number of businesses across the country and ensures that their interests are at the forefront of change. I am looking forward to continuing to work with the FCA and key stakeholders to ensure smaller businesses are well represented through the Smaller Business Practitioner Panel.“
The FCA Smaller Business Practitioner Panel is an independent statutory body that represents the interests of practitioners of firms of small or medium size within their sector across FCA-regulated activities. Panel members are recruited to represent both their own sector and the industry as a whole, rather than individual firms.
Notes to Editors
- The FCA Practitioner Panels are part of the system set up to make and maintain effective arrangements for consulting practitioners on the extent to which the FCA’s general policies and practices are consistent with its general duties, as set out in the Financial Services and Markets Act 2000 (as amended). More details about the FCA Practitioner Panels(link is external).
- Appointments of the Chairs of the Panels are made by the FCA Board and approved by HM Treasury.
- Marlene Shiels OBE is Chief Executive of Capital Credit Union and is an Adviser on Credit Unions/Financial Inclusion to HRH Duchess of Cornwall. Previously she was a Board member of the World Council of Credit Unions (2009-2013), a Director of StepChange, the debt charity, a Member of the Council of the Chartered Banker Institute, and a Board member and Vice President of ABCUL (2008‑2010). She is a Founder of the Development Education Europe Programme, a training programme for credit union leaders and still holds a position on the Advisory Board.
- Craig Errington recently retired as Group Chief Executive of Wesleyan, a provider of specialist financial services for doctors, dentists, teachers and lawyers.
- Find out more information about the FCA.
Latest News from
Financial Conduct Authority
Konstantin Vishnyak appears at court for destruction of documents offence09/09/2019 11:10:00
In a prosecution brought by the FCA, Konstantin Vishnyak recently (06 September 2019) appeared at Westminster Magistrates’ Court in relation to one count of destroying documents which he knew or suspected were or would be relevant to an investigation.
Financial Conduct Authority appoints new Chief Economist06/09/2019 10:25:00
The Financial Conduct Authority (FCA) has appointed Kate Collyer as its Chief Economist. Kate is currently Chief Economist for Energy and Market Frameworks and Joint-Director of Analysis at Department for Business, Energy and Industrial Strategy (BEIS).
Richard Baldwin, sentencing 3 September 201904/09/2019 10:25:00
On 3 September 2019, at Southwark Crown Court, His Honour Judge Hehir sentenced Mr Richard Baldwin to a total of 5 years and 8 months’ imprisonment.
Just one day left to act: PPI complaints deadline is tomorrow29/08/2019 10:25:00
The FCA issues final reminder to UK consumers – PPI won't be back.
Claims management companies must raise advertising standards, says FCA23/08/2019 13:20:00
Claims management companies (CMCs) must do more to ensure their promotions do not mislead potential customers according to the Financial Conduct Authority (FCA). Since the FCA took over regulation of CMCs on 1 April 2019 it has reviewed over 200 CMC adverts in various media and found widespread poor-practice in CMCs.
Time is running out: the pressure is on to prioritise PPI23/08/2019 10:25:00
With one in five Brits reporting they’ve left making a decision to the last minute and with a week to go to the PPI complaints deadline, the time for decision-making is now.
Upper Tribunal publishes decision on Andrew Tinney, the former COO of Barclays Wealth19/08/2019 11:20:00
Following contested proceedings, the Upper Tribunal has found that Andrew Tinney, the former Chief Operating Officer (COO) of Barclays Wealth and Investment Management (Barclays Wealth), breached his obligation as an approved person to act with integrity.
FCA agrees plan for a phased implementation of Strong Customer Authentication13/08/2019 16:15:00
The Financial Conduct Authority (FCA) has today agreed a plan that gives the payments and e-commerce industry extra time to implement Strong Customer Authentication (SCA).
5 million pension savers could put their retirement savings at risk to scammers08/08/2019 10:25:00
The Financial Conduct Authority (FCA) and The Pensions Regulator (TPR) are joining forces again this summer to warn the public about fraudsters targeting people’s retirement savings. This warning comes as new research suggests that 42% of pension savers, which would equate over 5 million people across the UK, could be at risk of falling for at least one of six common tactics used by pension scammers.