The FCA has appointed Kate Collyer as its chief economist.
Collyer, who is currently chief economist for Energy and Market Frameworks at Department for Business, Energy and Industrial Strategy and joint-director of analysis at BEIS, will assume her new role at the City regulator from October.
The aim of the FCA’s chief economist division is to provide rigorous economic thinking, analysis and advice to help the FCA deliver on its strategic objective of making financial services markets work well, and to asses the impact of FCA interventions on those markets.
As well as managing the FCA’s economic research and analysis, the FCA’s chief economist jointly heads the wider Competition and Economics Division. As chief economist, Collyer will act as an adviser to the FCA’s executive committee and board.
FCA incoming chief economist Collyer says: “I am delighted to be joining the FCA to lead their expert and highly regarded economics team. The FCA has an impressive reputation for thought leadership and I am looking forward to leading work to further promote economics and analysis across the FCA.”
The FCA’s executive director of strategy and competition Christopher Woolard says: “Kate will play a vital role at the FCA, further embedding the use of economic analysis in our decision making and assessing how well the interventions we make are working.
“Kate’s excellent economic credentials, and her experience of managing diverse teams will be a huge benefit, given the breadth of analysis the FCA undertakes. I look forward to welcoming her.”
The City regulator has also named Capital Credit Union chief executive Marlene Shiels as chair of the FCA’s Smaller Business Practitioner Panel, also effective from 1 October 2019. She has been a member of the panel since 2015 and succeeds Craig Errington, group chief executive of Wesleyan.
Randell says: “The Smaller Business Practitioner Panel plays a vital role in ensuring that the voice of smaller firms in the industry is heard in the UK’s regulatory system. I am sure that Marlene will continue the excellent work of her predecessors and I look forward to working with her in her new role.
“I would also like to thank Craig for his contribution, over several years, to the work of the panel as a member and latterly as chair.’
Capital Credit Union chief executive Marlene Shiels says: “The Smaller Business Practitioner Panel plays a very important role in the regulatory environment. It represents a significant number of businesses across the country and ensures that their interests are at the forefront of change.
“I am looking forward to continuing to work with the FCA and key stakeholders to ensure smaller businesses are well represented through the Smaller Business Practitioner Panel.’
The FCA Smaller Business Practitioner Panel is an independent statutory body that represents the interests of practitioners of firms of small or medium size within their sector across FCA-regulated activities. Panel members are recruited to represent both their own sector and the industry as a whole, rather than individual firms.”