FCA strengthens enforcement leadership

Therese Chambers and Steve Smart

The regulator has named Therese Chambers and Steve Smart as joint executive directors of enforcement and market oversight.

This double appointment followed the departure of Mark Steward after seven years in the role. Steward will leave the Financial Conduct Authority (FCA) on 13 April. His departure was first announced in October last year. FCA cracks down on illegal crypto ATM The FCA said the expansion of the leadership team reflected the "vital role" that enforcement played in delivering its three-year strategy. It added it reflected its commitment to cutting financial crime and ensuring consumer outcomes met Consumer Duty requirements. Recent market events have underlined the importance of effec...