Chris Cummings, Chief Executive of TheCityUK comments on his appointment by the FCA and PSR’s Boards to two decision-making committees.
“I am pleased to have been appointed by the Financial Conduct Authority (FCA) and Payment Systems Regulator’s (PSR) Boards to the Regulatory Decisions Committee (RDC) and the Enforcement Decisions Committee (EDC). These committees carry great responsibility as markets can only function if they are fair, where customers know that regulation protects them and where firms know that they can challenge regulatory actions.
I will use my understanding of policy and regulatory matters, my significant industry experience, and equally importantly my insight as a customer to support the Committees’ evidence-based remit. It is my passionately held belief that the financial services industry works best when it puts its customers at the heart of everything it does.
It is important for the industry’s confidence in the regulator that the RDC and the EDC are independent and operate to the highest standards and I look forward to being a part of the committees’ work.”