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FCA thanks 'honoured' departing interim chief

FCA thanks 'honoured' departing interim chief | Insurance Business

FCA thanks

Christopher Woolard, who led the Financial Conduct Authority’s (FCA) COVID-19 response in his capacity as interim chief executive, is honoured to have been at the helm.

Stepping down from the FCA board and any executive or decision-making roles from October 01, Woolard has been with the regulator’s executive committee since 2013; the board, since 2015; and his interim CEO post, since March this year.

Read more: FCA names new chief executive

“It has been a tremendous honour to serve as chief executive of the FCA at such a critical time for the country and financial services,” commented Woolard, who will chair a review of the future regulation of the unsecured credit market before fully moving on from the watchdog.

“I’d like to thank my many colleagues over the last eight years for all their help and support. I am delighted to be asked to lead a timely and significant review where access to sustainable credit is of great importance to so many people.”

Based on the review, recommendations will be made to the FCA board in early 2021.

Thanking Woolard, FCA chair Charles Randell had this to say: “I am grateful for Chris’s contribution to the FCA, particularly during the last six months as he has led us through the coronavirus crisis with huge energy and skill.”

Taking over next month as permanent CEO is Nikhil Rathi, the former HM Treasury financial services group director who most recently served as London Stock Exchange Plc chief.