Terrorism officer and FCA long-server appointed to lead Enforcement team

The Financial Conduct Authority is increasing its emphasis on enforcement by appointing two people as executive directors of Enforcement and Market Oversight - replacing Mark Steward who leaves on 13 April.

By Neasa MacErlean

The two - Steve Smart and Therese Chambers - will both be on the executive committee, taking their representation and voting power from one in eight directors to two in nine. On top of this, CEO Rikhil Nathi announced, ahead of the publication of the annual business plan next month, that the regulator will "continue our programme of investment" in Enforcement.