The Financial Conduct Authority has today announced the appointment of Nausicaa Delfas as the Executive Director of International.
In this role, Nausicaa will be responsible for setting and growing the FCA’s strategy for international engagement, and leading its delivery. This will involve leading relationships with foreign regulators, governments and other stakeholders, and facilitating the FCA’s work to shape the global regulatory agenda and international policy.
She will also be leading the delivery of the FCA’s response throughout the process of withdrawal from the EU, providing technical support to HM Government, and continuing to work closely with EU27, international regulators and the financial services industry, to ensure a smooth transition.
In light of the importance that the FCA places on international engagement, Nausicaa will be a member of the FCA’s Executive Committee, reporting to CEO.
Andrew Bailey, Chief Executive of the FCA commented:
'I am delighted to appoint Nausicaa as Executive Director of International. This is a new and vital role for the FCA, reinforcing our focus on the global regulatory agenda, and importance of international co-operation. It is also critical for our work throughout the process of EU withdrawal.
'I’d also like to welcome back Georgina Philippou to her role as Chief Operating Officer after a period of extended leave.’
Nausicaa, Executive Director of International, commented:
'I look forward to leading the FCA’s strategy for international engagement and working closely with colleagues in the international regulatory community, and the financial services industry. The work which we do internationally is vital to the delivery of our objectives, and it has become increasingly important given the UK’s withdrawal from the EU.'
Nausicaa has been acting Chief Operating Officer and a member of the FCA’s Executive Committee, since November 2016. During this time she made continued improvements, bringing a more strategic and business focussed approach to operations.
Previously, she was Director of the Specialist Supervision Division, leading on FCA's approach to IT and cyber resilience, financial crime, client assets and resolution, prudential regulation and complex cases, across all sectors. She had been actively engaged on a national and international level on these issues.
Prior to this she has held many senior roles at the FSA in Supervision, Risk and Policy Divisions, across different industry sectors.
She has led innovative and complex reviews, often involving building new functions and expertise – for example, the transfer of consumer credit regulation from the Office of Fair Trading (OFT) to the FCA on 1 April 2014.
Nausicaa joined the FSA's Enforcement Division in 2000, where she led investigations and disciplinary actions in retail and wholesale markets.
She is a solicitor, having trained and qualified at City law firm Freshfields in London, where she specialised in EU and financial services law.
Notes to editors
- On 1 April 2013, the FCA became responsible for the conduct supervision of all regulated financial firms and the prudential supervision of those not supervised by the Prudential Regulation Authority (PRA).
- The FCA has an overarching strategic objective of ensuring the relevant markets function well. To support this it has three operational objectives: to secure an appropriate degree of protection for consumers; to protect and enhance the integrity of the UK financial system; and to promote effective competition in the interests of consumers.
- Find out more information about the FCA.