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

Majority of UK wealth management sector eyes acquisitions this year

Majority of UK wealth management sector eyes acquisitions this year

Continued appetite and momentum in M&A space

Isabel Baxter
clock 30 June 2025 • 3 min read
How can firms improve client engagement with wealth products?

How can firms improve client engagement with wealth products?

Consumer first focus; Simplifying prodcut information

James Wood
clock 30 June 2025 • 4 min read
Verso rejects platform incentives model, says adoption must be earned

Verso rejects platform incentives model, says adoption must be earned

Nucleus-built platform rolled out across advice group with no mandated use as consolidator targets £5bn AUM

Sahar Nazir
clock 27 June 2025 • 2 min read