Former Fed chief and ex-editor join King at FPC

Laura Miller
clock

A former editor of the Financial Times was today named alongside a professor, a banker and an ex-vice chairman of the Federal Reserve as external members of the interim Financial Policy Committee (FPC).

Sir Richard Lambert, Alastair Clark, Michael Cohrs and Donald Kohn will join the FPC, which will be chaired by Bank of England (BoE) governor Mervyn King. The government and the BoE have brought together the group ahead of legislation which will create a permanent FPC to ensure the stability of the financial system as a whole. A lack of a macro-prudential overview to enable the spotting of dangerous financial trends has been highlighted by the government as one of the main flaws of the current regulatory framework. Who's who at the FPC? The interim FPC board will feature member...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Polling high – should advisers bank on Reform UK holding on?

Polling high – should advisers bank on Reform UK holding on?

Nigel Farage-led party's policies would likely mean big tax changes if Reform came into power

Isabel Baxter
clock 30 July 2025 • 7 min read
Financial planning 'badly' needed PFS £1m talent pledge – what next?

Financial planning 'badly' needed PFS £1m talent pledge – what next?

Considerations include representation, showing not telling, and small business support

Jen Frost
clock 29 July 2025 • 6 min read
FNZ hit with $4.6bn class action from employee shareholders

FNZ hit with $4.6bn class action from employee shareholders

Claimants argue institutional investors received new shares and warrants on more favourable terms

Sahar Nazir
clock 28 July 2025 • 1 min read