FCA chair Charles Randell to step down a year early

Appointed with the plan to remain in his role for five years, Randell became chair in April 2018. He has now revealed plans to step down in spring 2022. Randell has asked Chancellor of the Exchequer, Rishi Sunak, to start the process of finding his successor. He will not be moving to any other position, the regulator said. The FCA also said it has established a significant multi-year transformation programme to become a more proactive, data-led and forward-looking regulator under Randell's lead as chair. Randell was in the position as the regulator navigated Brexit and the Covid-19 pa...