The Treasury Committee has published its report confirming its approval for the appointment of Ashley Alder as the next chair of the Financial Conduct Authority (FCA).
Alder was questioned in a pre-appointment hearing yesterday (14 December) with the committee now stating they are satisfied he has the professional competency necessary to take the role. Concerns had been raised by MPs about Alder's understanding of UK financial markets, with him having spent the majority of his career working in Hong Kong. Despite the concerns over his inexperience with UK financial services regulation, it has been confirmed Alder will familiarise himself with various legacy issues that will be important including those stemming from the Global Financial Crisis. "...
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