Tim Parkes to chair FCA’s Regulatory Decisions Committee

The Financial Conduct Authority (FCA) and the Payment Systems Regulator (PSR) have earlier today announced reshuffling at the top of several of their decision-making committees.

In January 2016, Tim Parkes will assume the role of Chairman of the FCA’s Regulatory Decisions Committee (RDC) and PSR’s Enforcement Decisions Committee (EDC).

Mr Parkes has been a partner at global law firm Herbert Smith Freehills LLP for more than 28 years. As a commercial disputes solicitor in the areas of litigation, arbitration and alternative dispute resolution, he practised in both London and Hong Kong, dealing most recently with complex, high-value disputes arising out of the global financial crisis. In addition, Mr Parkes has worked as Legal Assessor to the London Stock Exchange’s Quotations Committee and sat for five years as an elected Council Member of the Law Society of Hong Kong.

At present, he is a trustee of the Army Museums Ogilby Trust.

Also today, the FCA and PSR announced the appointment of two deputy chairs to the strategic committees. Elizabeth France has been appointed as a Deputy Chair of the RDC and EDC and John Hull will become a Deputy Chair of the RDC in January 2016.

John Griffith-Jones, chairman of the FCA and PSR, commented:

“These committees play an extremely important role and I am delighted we have been able to attract members of such experience and quality. Their expertise will be central to helping both FCA and PSR achieve their respective objectives and raising standards.”

To view the official announcement by the FCA, click here.

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