The Regulatory Decisions Committee (RDC) takes certain decisions on behalf of the FCA. Read the biographies of the RDC members.
Tim became Chair of the RDC in January 2016.
Before joining the RDC he was a partner at global law firm Herbert Smith Freehills LLP for more than 28 years, after serving 10 years as an associate and articled clerk.
As a commercial disputes solicitor in the areas of litigation, arbitration and alternative dispute resolution, he practised in both London and Hong Kong dealing most recently with complex, high-value disputes arising out of the global financial crisis, often involving regulatory considerations. He was the firm's Executive Partner, Asia Managing Partner and latterly Head of Commercial Litigation in London. He was also a member of the firm's governing council for many years.
Tim worked as Legal Assessor to the London Stock Exchange's Quotations Committee and sat for a total of 5 years as an elected council member of the Law Society of Hong Kong. During his career he has taken a keen interest in legal pro bono work, which has included voluntary work in a Citizens Advice Bureau-linked legal advice centre. He is currently a trustee of the Army Museums Ogilby Trust.
Tim is also Chair of the Payment Systems Regulator’s Enforcement Decisions Committee.
Elizabeth joined the RDC as a Deputy Chair in July 2015.
Elizabeth is Chair of the Security Industry Authority, Chair of the Police Advisory Board for England and Wales, and a member of the Ofgem Enforcement Decision Panel.
Elizabeth was Chair of the Office for Legal Complaints from 2009 to 2014. Between 2002 to 2009, she was Chief Ombudsman and Chief Executive of Ombudsman Services Ltd, which provided the telecommunications ombudsman service (Otelo), the energy ombudsman service and the surveyors’ ombudsman service. She was a non-executive director of the Serious Organised Crime Agency from 2005 to 2010.
Elizabeth began her career in the Home Office, becoming the Data Protection Registrar in September 1994 and Information Commissioner in January 2001.
She has been awarded honorary doctorates by the Universities of De Montfort, Loughborough and Bradford, and is a Fellow of Aberystwyth University. In June 2002, she was awarded a CBE for services to data protection.
Elizabeth is also Deputy Chair of the Payment Systems Regulator’s Enforcement Decisions Committee.
John joined the RDC as a Deputy Chair in January 2016.
John has almost 20 years’ experience as a partner at 2 global law firms, including more than 10 years as a partner with Latham & Watkins, where he served as Vice Chair of the Global Litigation Department, Chair of the London Litigation Department, led the firm’s London banking litigation practice and served on the firm’s Pro Bono Committee. John had been a practicing solicitor for more than 26 years when he retired from Latham & Watkins in December 2015.
John’s areas of expertise include litigation and dispute resolution in the areas of financial services, regulatory matters and professional negligence. He has been involved in some of the most complex and high-profile matters in the financial services sector, in a variety of jurisdictions.
John sits as a Deputy District Judge on the London circuit. He is a Centre for Effective Dispute Resolution-accredited mediator. John is also a member of the Consultation Board of PLC Dispute Resolution (part of Thomson Reuters).
Iraj joined the RDC in 2013.
He is a recognised expert in internal audit, risk management and corporate governance.
Iraj was a partner with Deloitte for over 20 years, leading its national internal audit group and serving numerous clients in the financial, retail and public sectors. He was Global Head of Internal Audit for Schroders Plc for more than 10 years.
As a specialist in the financial sector he carried out numerous reviews of major financial institutions including banks, building societies and insurance companies. He served clients in the public sector including organisations in central government, health, education and local government, and other public bodies such as the Financial Services Compensation Scheme, the Pensions Regulator, National Savings and Investments and the European Investment Bank.
Iraj is a Fellow of the Institute of Chartered Accountants in England and Wales and a past Fellow of the Royal Statistical Society. He was also a member of the Internal Audit Task Force of the Institute of Chartered Accountants in England and Wales for a number of years.
He is currently a trustee of National Employment Savings Trust and Chair of the Audit Committee at the Institute and Faculty of Actuaries. He is also a non-executive Board member and chair of the Audit Committee at Wales Finance a major specialist company providing loan equity and start up finance and support to SMEs in Wales and England.
Kevin joined the RDC in 2015.
He has over 35 years of experience in payment systems, cards, treasury, transaction banking and fund management gained in UK and international financial services. He sits as a non-executive or independent member on a number of bodies.
Kevin is currently a Senior Independent Board member and the Chair of Audit, Risk & Governance Committee at Phone-paid Services Authority, independent Board member and Chair of the Strategic Advisory Forum on the RGTS/CHAPS Board at the Bank of England and is also a member of the Advisory Board of Form³ Financial Cloud. He was also on the inaugural advisory panel for the UK Payment Systems Regulator until mid-2015.
Kevin is a Fellow of the Chartered Institute of Bankers and was with RBS for 35 years, where he was Global Head of Transaction Services until April 2014. He has a strong external profile as an industry expert and speaker on global transaction banking, payments and treasury/funds business and regulatory issues. He has represented RBS and the UK on a number of external bodies. He had direct involvement in the design and development of the UK’s Faster Payments service and was the inaugural Chairman of the UK Faster Payments Scheme.
Kevin is also a member of the Payment Systems Regulator’s Enforcement Decisions Committee.
John joined the RDC in 2013.
He has long experience as a senior commercial banker.
John is currently Chair of Shawbrook Bank Plc, non-executive Chair of ANZ Bank Europe Ltd, senior non-executive director at Ford Credit Europe Plc and Chair of the Board Risk Committee. He previously held a non-executive director position at Motability Operations Plc and as a member of the Audit Committee until December 2017. In April 2015, he retired from the Board of Aldermore Bank Plc, where he had been interim Chair and Chair of the Board Risk Committee.
Previously, he was a senior executive in Barclays Plc, with considerable experience of operating in Europe, India and the USA running a number of businesses including the asset, leasing, invoice finance and contract hire operations.
He served on the Board of the Finance and Leasing Trade Association for 6 years and was elected Chair for 1996 to 1997. John also served as a Governor of Reading Blue Coat School in Sonning, Berkshire for 10 years, retiring in 2014.
Tanya joined the RDC in 2019.
Tanya has over 30 years' experience in financial services. She worked in Corporate Finance and as a Credit Officer, and held senior positions across different areas of the risk spectrum primarily within major banks (JP Morgan and UBS), which gave her extensive risk control, financial markets and corporate governance expertise. She was also responsible for implementing a variety of organisation-wide risk/regulatory change programmes and has been a member nominated pension trustee twice.
Since moving to a portfolio career in 2011, Tanya has held a range of non-executive director roles, mostly within financial services, including acting as Chair of the Institute and Faculty of Actuaries Quality Assurance Scheme and board positions with Faster Payments Scheme and Societe Generale International.
She is currently non-executive director on the boards of Handelsbanken pls, Standard Life Savings Limited (and its subsidiary Elevate Portfolio Services, which provides the Wrap and Elevate platforms for independent financial advisers) and Border to Coast Pension Partnership (an asset manager set up for pooling by 12 local authority pension funds). She is also the founder of the Scottish based charity Changing the Chemistry, which promotes diversity of thought in the boardroom, for which she was awarded an MBE.
Peter joined the RDC in 2013.
He holds a senior executive position with St. James’s Place Wealth Management Plc, and was formerly Group Operations Director at Perspective Financial Group.
Peter was formerly a Board member of the Association of Professional Financial Advisers (APFA), and is a Chartered Insurer and a Chartered Director.
He was formerly Director of Financial Services at Skipton Building Society and previously held a number of senior roles at Commercial Union and CGU.
E. Noël Harwerth
Noël joined the RDC in July 2019.
She is Chair of the UK Export Finance agency and serves on the board of the UK Department of International Trade. She is a non-executive Director of Scotia Bank Europe (Senior Independent Director), Sirius Minerals (SID, member of the Audit Committee), and Charter Court Financial Services (SID). She serves as an advisor to the Bank of England on RTGS/CHAPS.
She served on the boards of Standard Life plc and London Metal Exchange from 2012 to 2018, was Chair of GE Capital Bank Europe until April 2017 and served as Chair of Sumitomo Mitsui Bank (Europe Middle East and Africa) from 2004 to June 2015. In 2006 she was appointed by the UK Government to the Board of the Tote and served on the board until its privatisation. She has also served on the boards of Alent, Corus, Logica, Impellam Group, RSA Insurance Group, Avocet Mining, Anglo Irish Bank and Dominion Diamond Corporation.
Noël was appointed by the UK Government as Partnership Director of London Underground and served in that role from 2003-2008, having previously served on the Board of Transport for London, where she chaired the Audit Committee. From 1998 to 2004, Noël was Chief Operating Officer of Citibank International PLC in London. She was responsible for infrastructure and governance of Europe’s first truly pan European bank, with branches in 18 countries.
Anne joined the RDC in 2019.
Anne chairs the Thames Water Customer Challenge Group, is a non-executive director of the Office of Rail and Road, a board member of ELEXON, the electricity settlement body, a lay member of the General Dental Council, and an independent member of the Bank of England Enforcement Decision Making Committee.
She was previously Director of Regulatory Affairs for BT Group, leading the regulatory negotiations that led to the creation of Openreach, where she then became Managing Director, Strategy. She has also been a board member of Ofqual, the qualifications regulator. Anne chairs a charity, Volunteering Matters, and is a trustee of NCVO and BalletBoyz. She chairs the Governance and Nominations Committee of Diabetes UK and is a director of the London Design & Engineering UTC.
Julie joined the RDC in 2019.
Julie is a specialist in regulatory compliance, risk and governance. She holds the position of Group Regulatory Director at Perspective Financial Group Ltd and sits on a number of Perspective’s subsidiary company Boards. Julie spent her early career working as an Independent Financial Adviser (IFA). She later held various senior governance roles at Bradford & Bingley and worked as a Compliance Consultant to IFAs for Paradigm Partners before joining Perspective in 2010.
Julie was elected to the Board of the Association of Professional Financial Advisers (APFA) in 2014, which later merged with the Wealth Management Association (WMA) to form the Personal Investment Management & Financial Advice Association (PIMFA) where she continued to represent mid-sized financial advisory firms until February 2019.
Julie is an Associate of the Chartered Institute for Securities & Investment and holds the Diploma in Financial Planning.
Karen joined the RDC in 2017.
Karen is a lawyer with a specialist interest in consumer financial services and consumer protection. She has worked extensively on the implementation of EU standards into UK consumer and pension law, and has provided specialist expertise to policy makers at DTI, DWP and Treasury.
In 2005, she joined the Pensions Regulator where she worked closely with DWP policy makers to develop the regime which established NEST and auto-enrolment. She led the development of the Regulator’s employer compliance and enforcement strategy and became its lead adviser on strategic legal risk.
Formerly at the Office of Fair Trading, she advised on credit licensing and consumer protection enforcement casework, domestically and cross-border.
At the independent bar, her practice included mortgage, consumer credit, landlord and tenant, debt and crime at all levels of seriousness. She also represented benefit claimants at Tribunal through the free representation unit.
Peter joined the RDC in July 2019.
He has over 35 years’ experience in retail financial services, covering investment management, independent advice and pensions management.
Peter trained with Sedgwick Group in both Personal Financial Planning and Group Pensions work before joining Scottish Widows Investment Management. As Managing Director of regional financial adviser Yorkshire Investment Group (YIG) he led a number of successful regional acquisitions before launching UK Wealth Management in 2008, acquiring YIG and then a number of national acquisitions as the group became one of the early sector consolidators.
Peter left the business following the successful secondary buy-out and in recent years has run his own LLP offering discreet consultancy to businesses and directors in financial services and legal professions.
He has a range of industry qualifications in pensions and investment management and is an IOD Certified Company Director.
Charlie joined the RDC in 2019.
Charlie was a banker with HSBC for 25 years serving in London and Hong Kong in a number of investment and commercial banking roles. His last job was as Global Head of Corporate and Institutional Banking, the area of the bank responsible for its largest 4,000 clients.
Since retiring from HSBC, Charlie has been Chairman of Hartland Shipping Services, a shipbroking company, Qbera Capital LLP, a finance and advisory company, and Aldeburgh Cinema Trust.
Nick joined the RDC in 2017.
Nick has over 30 years’ experience representing the consumer interest in financial services, with particular reference to the regulation of consumer credit and mortgage credit. Much of his work has been with the Third Sector, government departments and trade bodies, where he has worked both in consumer-facing advice roles and formulation of policy. This gives him a particularly pertinent view of day-to-day consumer issues.
Nick maintains a range of positions with firms, trade bodies and regulators. Past positions include director of the Mortgage Code Compliance Board, adviser to the HMT review that led to the establishment of the Money Advice Service, and member of the Financial Services Consumer Panel. Current positions include trustee of a debt advice charity and chairman of the governance board of Lenderscompared. He continues to advise individual consumers and groups on an on-going basis.
Nick holds the Diploma in Financial Planning.
Robin joined the RDC in 2016.
He is a Professor of Economics with extensive experience in competition and regulation. He is Pro-Vice-Chancellor (International) at the University of Birmingham. Prior to that, he was Pro-Vice-Chancellor and Executive Dean of the Business School at the University of Exeter, and Professor of Economics. His area of academic expertise is industrial organization in general and, in particular, the economics of regulation and competition. He is a fellow of the Centre for Economic Policy Research and a companion of the Chartered Management Institute.
Robin has been a member of the UK’s Competition and Markets Authority (formerly the Competition Commission) since 2009 and sits on their specialist Communications Act panel, as well as their cost of capital advisory group. He has worked with several of the utility regulators in the UK, including Ofgem (on cost of capital, as part of their review of price controls) and Ofcom (where he served as a member of the panel of economic advisers). He has also advised the Prime Minister of Mauritius on competition legislation and provided expert advice for ComReg, the Irish communications regulator. He has acted as an economic consultant and expert witness for a number of private sector clients.
Philip joined the RDC in 2016.
Philip is a competition lawyer with over 30 years’ experience in advising corporates and governments, particularly on fast-moving consumer markets and agency decision-making.
Philip is Professor of Law and Economics at the College of Europe, Bruges, teaching the core LL.M. competition course and is co-founder and General Editor of the European Competition Journal, and the Oxford University Press Competition Law case reporter series. Philip’s past career includes being a member of the Board of the Office of Fair Trading, an Inquiry Chair and Senior Director of Case Decision Groups at the Competition and Markets Authority, a board member of the Channel Islands Competition and Regulatory Authorities, chairing the British Institute’s Competition Law Forum, and working in private practice in London, Toronto and Tokyo, and as a competition official.
Stephen joined the RDC in 2019.
Stephen retired as a senior partner with PwC in 2016, after almost 3 decades’ extensive participation in Main Board and Audit Committee meetings with publicly listed companies in many countries and across a wide range of industry sectors. He is a Fellow of the Institute of Chartered Accountants in England & Wales.
Stephen is an independent non-executive Director and Audit Committee Chair designate of Gama Aviation Plc. He also Chairs the Finance & Investment Committee and sits on the Audit Committee at Poole Hospital NHS Foundation Trust, and is a member of the Audit Quality Review Committee of the Financial Reporting Council. He serves as a Governor of Reading Blue Coat School, and was until recently Trustee and Treasurer of New Forest Heritage.
Stephen’s subject matter expertise includes accounting, assurance and financial reporting under International, US and UK GAAP/GAAS, capital markets, corporate governance and internal control, M&A, valuations, performance improvement, recovery, restructuring, remuneration and regulation. He has acted as expert witness in High Court cases on these and directors’ fiduciary responsibility matters.
Sidney joined the RDC in 2019.
Sidney is a solicitor with more than 35 years’ experience. He began his legal career in 1982 at global law firm Allen & Overy LLP, where he was a partner for 18 years, and then spent 10 years at Bryan Cave Leighton Paisner LLP (BLP).
Sidney practised as a commercial litigation solicitor in both London and Hong Kong, dealing with a variety of complex disputes and financial investigations. He is a Centre for Effective Dispute Resolution-accredited mediator.
During the past 20 years, Sidney’s practice focused on financial services regulatory disputes, acting for both firms and individuals. He was Head of the Regulatory Investigations Group at Allen & Overy and then led the Financial Services practice at BLP. He is also a member of the Financial Services Lawyers Association Advisory Board.
Sidney has acted as a mentor for the Social Mobility Foundation and is currently Chairman of an educational charity.
Dame Elizabeth Neville
Elizabeth joined the RDC in 2013.
She was a police officer for 30 years and was Chief Constable of Wiltshire Police.
Since her retirement from the police service in 2004, Elizabeth has held a number of public positions, including independent complaints assessor for the Department for Transport, non-executive director at the Serious Fraud Office and a member of the Police Appeals Tribunal.
Currently, she is a lay member of the Code Adjudication Panel for the Phone-Paid Services Authority, a member of the Determinations Panel for The Pensions Regulator and an independent adjudicator at Companies House. She is also a non-executive member of the board of The Insolvency Service.
Jeremy joined the RDC in 2019.
He is the Chair/Non-Executive of a range of public, private and not-for-profit sector organisations, including Chair of Optionis, a private equity backed business, and of the Workforce Development Trust. He is a member of the Boards of the Social Investment Business Foundation and Social and Sustainable Capital, and is a Panel Member at the Competition and Markets Authority (CMA). Until recently, he was a non-executive member of the Boards of the Government Legal Department and the Crown Prosecution Service. He is an Honorary Visiting Professor at Cass Business School and is also the Chair of Trustees of a local primary school and trustee of a number of private charitable trusts.
Jeremy is a qualified chartered accountant and was Global Chief Executive of BDO (2008-2011) having previously been managing partner (2001-2008) of BDO's UK firm.
Malcolm joined the RDC in August 2016.
He was a partner at Slaughter and May specialising in competition matters for over 25 years until his retirement in 2009. Since 2009, he has been a Panel member of the Competition and Markets Authority (formerly the Competition Commission). He was a non-executive director of the Cambridge University Hospitals NHS Trust from 2010 to 2012 and a director of the Solicitors Regulation Authority from 2009 to 2013. Since 2012, he has been a member of the Conduct Committee and Chair of the Case Management Committee of the Financial Reporting Council.
Caroline joined the RDC in 2015.
She is a chartered accountant with 20 years’ experience in insurance and investment management gained during her executive career in finance and audit.
Caroline has previously been UK Chief Financial Officer for RSA. Prior to this, she held a number of senior finance roles at Aviva after spending the first 12 years of her career at KPMG, where she qualified as a chartered accountant in 1984. In June 2015, Caroline retired from her role as Group Chief Internal Auditor at RSA Group to develop her non-executive portfolio.
Caroline is the non-executive Audit Committee Chair at pensions provider Aegon UK, general insurer, Tesco Underwriting Limited, and investment company, Standard Life UK Smaller Companies Trust plc.
Caroline is also a member of the Payment Systems Regulator’s Enforcement Decisions Committee.
Pauline joined the RDC in 2013.
She is a former senior partner at PwC. For her last 4 years, Pauline was head of public policy and regulatory affairs, advising the board on public policy issues.
Pauline is a qualified chartered accountant and has held senior positions in both the UK and Hong Kong. Prior to becoming head of public policy at PwC, she set up and led its global financial instruments team for 7 years.
Pauline is a member of the ICAEW Regulatory Board, a director of Paradigm Trust and a primary-school governor.