The Financial Conduct Authority has made five appointments to the regulatory panels which will hold the FCA to account which include senior management from Lloyds Banking Group, Nationwide and Schroders.
Nationwide Building Society chief executive Graham Beale has been appointed as chairman of the FCA Practitioner Panel, while Weatherbys Bank finance director and chief operating officer Andrew Turberville Smith has been appointed as chairman to the FCA Smaller Business Practitioner Panel.
Weatherbys is a family-owned private bank and Turberville Smith has been on its board since 2006.
European clearing house ICE Clear Europe president and managing director Paul Swann has been appointed as FCA Markets Practitioner Panel chairman.
Lloyds group director of retail Alison Brittain and Schroders chief executive Michael Dobson have also been appointed to the Practitioner Panel to replace former members.
The Practitioner Panels are there to challenge FCA policy developments at an early stage.
FCA chairman designate John Griffith-Jones says: “I am delighted we have been able to make such strong appointments to these valuable roles.
“The panels provide an injection of senior industry expertise and opinions directly into the FCA board’s deliberations. We are grateful to the previous panel chairmen Joe Garner and Guy Matthews who had both agreed to stay on until the end of the FSA and are handing over panels with a respected track record to the new FCA.”