The Financial Conduct Authority has extended Sue Lewis Chair of the Financial Services Consumer Panel for a further two and a half years, from 1 July.
Most recently in the past, Sue Lewis was Head of Savings and Investments at the Treasury, with responsibility for advising Ministers across a broad range of retail financial services issues. She also led the team supporting Don Cruickshank in his independent review of competition in UK banking markets, which reported in 2000.
Regarding the extension, Sue Lewis commented:
The need for a strong, independent, consumer voice has never been greater. I am pleased to have the opportunity to carry on leading the Panel’s work. Andrew Bailey faces a tough task maintaining the FCA’s consumer focus in light of the turmoil caused by the outcome of the EU referendum. Those who appear to have forgotten the financial crisis will put him under a lot of pressure to make regulation more ‘industry friendly’. The Panel is a strong team, with wide ranging expertise. We will do all we can to support Andrew and his colleagues to make financial services markets work well for individual and small business consumers.”
John Griffith-Jones, Chairman of the FCA endorsed:
I am pleased to be able to re-appoint Sue as Consumer Panel Chair. Her passion for consumer issues and hard work over the past three years meant she was the natural choice to continue in the role.”