View more on these topics

FCA recruits supervision boss from PRA

FCA interior 620x430

The FCA has appointed a new director of supervision to replace Tracey McDermott.

Megan Butler will join the FCA on secondment for a year from the Prudential Regulation Authority from 1 September. She is currently executive director of the PRA’s international banks directorate.

Butler will replace McDermott, who is set to become acting chief executive following Martin Wheatley’s departure, on 12 September.

Wheatley says: “I am delighted that Megan has decided to join the FCA. She brings with her a wealth of experience and an excellent reputation in wholesale markets and will be a valuable addition to the executive team.”


FCA logo new 620x430.jpg

FCA bans ex-Rabobank trader over Libor rigging

The FCA has banned a former Rabobank trader from working in financial services after he was convicted for manipulating the bank’s Libor submissions. Lee Stewart worked as a senior derivatives trader at the London desk of Dutch financial services firm Rabobank between 1993 and 2009. In March this year Stewart pleaded guilty to one count […]

FCA interior 620x430

HSBC UK chief exec to chair FCA practitioner panel

The FCA has appointed HSBC UK chief executive Antonio Simoes to chair the regulator’s practitioner panel. Simoes will succeed Lloyds Banking Group director of retail Alison Brittain in the role from 1 August. Brittain is leaving the financial services sector to join Whitbread Plc as chief executive. FCA chairman John Griffith-Jones says: The practitioner panel […]


News and expert analysis straight to your inbox

Sign up


There is one comment at the moment, we would love to hear your opinion too.

  1. Shame it doesn’t mention that the much vaunted experience was at the FCA (then named FSA) until 2013. She supervised banks back when they supervised 10 major banks and let 5 fail. She doesn’t seem to have had a proper job since 2000.

Leave a comment