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Tag: ExFCA

Ex-FCA boss joins new bank lobby group board

Ex-FCA boss joins new bank lobby group board

Business
The City watchdog's former enforcement chief is joining the board of a new bank lobbying group that launches this week with the tough task of rebuilding trust in the industry.Sky News has learnt that Tracey McDermott, who quit the Financial Conduct Authority last year after failing to land the top job, will be among about 20 inaugural directors of UK Finance (UKF).Ms McDermott, who is now a senior executive at Standard Chartered, will lead UKF's work on fraud and financial crime detection and prevention.Her name will be one of several notable appointees to UKF's board as it tries to tackle many of the major social, economic and political challenges confronting the British banking sector.Among the key issues that one of the UK's most important industries is facing are the implications of Br...