The UK hired seasoned financial regulator Ashley Alder to lead the Financial Conduct Authority. Alder's experience includes 11 years at the Hong Kong Securities and Futures Commission and chairing the International Organization of Securities Commissions.
In his acceptance to chair the FCA, Alder said the financial watchdog would help “chart the U.K.’s post-Brexit future as a global financial centre which continues to support innovation and competition through its own world-leading regulatory standards.” The U.K. regulator monitors roughly 51,000 financial services firms and financial markets across the country.
following notices of departure from more than 50 members of parliament including Chancellor of the Exchequer for the United Kingdom Rishi Sunak and Economic Secretary to the Treasury John Glen.
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