Economy

New chairman appointed for FCA

New chairman appointed for FCA

HM Treasury has announced that Charles Randell CBE has been appointed as the new chairman of the UK's Financial Conduct Authority (FCA).

It ends John Griffith-Jones' tenure as chair of FCA, which stretches back to the financial supervisor's founding in April 2013.

Randell is now an external member of the Bank of England's Prudential Regulation Committee (PRC) - a position he will step down from - and a non-executive board member of the department for business, energy and industrial strategy. He replaces outgoing chair John Griffith-Jones, a veteran accountant best known for running KPMG's United Kingdom business.

He also worked on the Government's bailout of Royal Bank of Scotland and Lloyds/HBOS, as well as the Asset Protection Scheme.

He is also now a non-executive board member of the Department for Business, Energy and Industrial Strategy.

More news: Gulfport Energy Corporation (GPOR) Director Craig Groeschel Sells 7059 Shares

Andrew Bailey, FCA chief executive, added: 'I am very pleased to welcome Charles to the FCA.

It was also confirmed that the corporate finance specialist had been handed the role of chair of the Payments Systems Regulator. He said he was "delighted" that Randell is his successor, adding "I wish him every success in the role". Randell's previous assignments included advising the Portuguese Ministry of Finance in recapitalizing the country's banks.

"In the current financial and economic climate, it is more important than ever that the FCA has the appropriate leadership to ensure it can protect consumers and support a healthy, innovative and competitive financial system", he said.

BoE Governor Mark Carney said Randell would be "sorely missed" at the PRC, but he was pleased he was willing to chair the FCA "at this important juncture" for the watchdog and United Kingdom financial services.

Mr Griffith-Jones, the former chairman of KPMG's Emea division, has been chairman of the FCA since its formation in April 2013, and chairman of the PSR since its formation in April 2014.


  • Bryan Singer Won't Receive Producer Credit for Legion Season 2

    Bryan Singer Won't Receive Producer Credit for Legion Season 2

    Deadline quotes Hawley saying: "Very early on in the conception of the show, I met him a couple of times ". This is yet another thing to have Singer's name stripped from it - which has also included a film school .
    Snow in Florida: Tallahassee sees first significant snow since 1989

    Snow in Florida: Tallahassee sees first significant snow since 1989

    The last time a wintry blast hit Tallahassee with any measurable snowfall was December 22-23, 1989, when an inch fell. For the first time in almost 30 years, white stuff fell from the sky on Wednesday in Tallahassee, Fla .
    What Roberto Firmino Said To Mason Holgate During Heated Bust-Up

    What Roberto Firmino Said To Mason Holgate During Heated Bust-Up

    Firmino reacted furiously and ran towards the Everton defender, who erupted after something was said by the Brazil worldwide . I didn't understand the whole situation after the game.
  • Girl Scout cookie season begins

    Girl Scout cookie season begins

    Girl Scouts Carolinas Peaks to Piedmont announces the official start of the 2018 Girl Scout Cookie Program. Girl schools learn entrepreneurial skills while selling cookies to East Tennesseans.
    Twitter won't block world leaders, citing need for discourse

    Twitter won't block world leaders, citing need for discourse

    Twitter has come under fire in the past for falling short when it comes to reining in bullying, threats and hate speech . Some Trump critics claim the president's more bombastic tweets fall into that category.
    Marko Pjaca Joins Schalke on Loan From Juventus

    Marko Pjaca Joins Schalke on Loan From Juventus

    He also represented Croatia at the 2016 European Championships and has 1 goal in 13 caps for his country. The agreement with the Italian champions does not include an option to buy.
  • Blackrock Inc. is the biggest holder of Navios Maritime Holdings Inc. (NM)

    The shipping company reported $0.18 earnings per share for the quarter, missing analysts' consensus estimates of $0.21 by ($0.03). The stock of Navios Maritime Midstream Partners L.P. (NYSE: NAP ) has "Hold" rating given on Tuesday, September 22 by Zacks.
    Trump Wants $18 Billion For Border Wall Expansion

    Trump Wants $18 Billion For Border Wall Expansion

    It's unclear if this funding would be part of any governmentwide spending package that's now being negotiated in Congress. The document specifically calls for the construction of more than 700 miles of new barriers along the border.
    Stock'S Earning Overview Freeport-McMoRan Inc. (FCX)

    Stock'S Earning Overview Freeport-McMoRan Inc. (FCX)

    OMER traded at an unexpectedly low level on 02/01/2018 when the stock experienced a 3.73% gain to a closing price of $20.16. The company reported the earnings of $0.34/Share in the last quarter where the estimated EPS by analysts was $0.31/share.
  • Oceans suffocating as huge dead zones quadruple since 1950, scientists warn

    Oceans suffocating as huge dead zones quadruple since 1950, scientists warn

    Researchers believe that the world needs to rein in both climate change and nutrient pollution in order to halt the decline. The research, sponsored by an worldwide body affiliated with UNESCO, finds the problem has been growing since the 1950s.

    Infinera (INFN) Receives Media Sentiment Score of 0.10

    The stock of Infinera Corporation (NASDAQ:INFN) has "Market Perform" rating given on Monday, January 11 by Wells Fargo. National Bank Of The Ozarks has 5,463 shares for 0.33% of their portfolio. 187,827 are held by Guggenheim Cap Ltd Co.

    Ultra Clean Holdings Inc (UCTT) Director Sells 12500 Shares of Stock

    Miller Herman Inc now has $2.40 billion valuation. ( UCTT ) analysts on average have given a price target of $40.18 on UCTT stock. Greenwood Capital Associates LLC purchased a new stake in Ultra Clean during the third quarter valued at approximately $226,000.