The head of the financial regulator of Hong Kong is applying for a position at the UK FCA
Ashley Alder, CEO of Hong Kong's financial regulator, is a leading candidate for the post of chairman of the UK Financial Supervisory Authority (FCA), Sky News reported on Thursday.
Former chairman Charles Randell vacated the position earlier this year after serving for just over three years. Any confirmation could face delays as the British government is in turmoil.
Charles Randell announced in October 2021 that he intended to leave his position as chairman of the FCA after taking office - along with the position of payment system regulator - in 2018. Richard Loyd has served as chairman since Randall's departure in the spring.
A new applicant,Ashley Alder, worked for more than ten years as the head of the financial supervisory authority of Hong Kong, the Securities and Futures Commission (FSC), and also headed the International Organization of Securities Commissions.
The Chairman of the FCA plays a vital role in the UK's economic regulation, and the appointment of a new chairman requires the approval of both the Chancellor and the Prime Minister. However, due to recent events, Westminster may block any confirmation in the near future.
Earlier this weekRishi Sunak, the former Chancellor of the Exchequer, has resigned in light of new scandals involving the disgraced British Prime MinisterBoris Johnson. Johnson has since announced Sunak's replacement, only to resign a day later after seeing 60 members of parliament resign and announce Johnson's own resignation.
The UK Treasury, which handles appointments to the FCA, did not respond to journalists' requests for comment.
https://coin-signal.com/cryptonews/the-head-of-the-financial-regulator-of-hong-kong-is-applying-for-a-position-at-the-uk-fca/
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