FCA chair John Griffith-Jones to step down in March 2018

Has faced criticism during his tenure

Jayna Rana
clock • 2 min read

The founding chairman of the Financial Conduct Authority (FCA) John Griffith-Jones will step down after the completion of his first term in the role next March.

Griffith-Jones, who has chaired the regulator since its creation in April 2013, will not stand for a second term, with the FCA having faced much criticism over the past four years. This has been in light of a number of botched reports such as the regulator's mishandled response to an information leak about an upcoming investigation into closed book life insurance contracts, which wiped billions off the value of leading insurers. The regulator's failure led to an inquiry to assess the way it handled the release of sensitive information. The FCA was also attacked following its handli...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Regulation

Moving beyond FG12/16: The evolution of investment propositions

Moving beyond FG12/16: The evolution of investment propositions

'The modern adviser requires a holistic approach'

Karl Dines
clock 21 November 2024 • 4 min read
FCA's Nikhil Rathi registers interest for top civil service job - reports

FCA's Nikhil Rathi registers interest for top civil service job - reports

FCA CEO term to end next year

Linus Uhlig
clock 19 November 2024 • 1 min read
A practical guide to getting ongoing reviews in order

A practical guide to getting ongoing reviews in order

Have you considered file checks on annual review cases?

Jennifer Peaty
clock 19 November 2024 • 6 min read