Find out how our management structure operates to ensure markets work well so that customers get a fair deal.
The Executive Committee (ExCo) and the Executive Regulation and Policy Committee (ERPC) are the two highest ranking executive decision-making bodies of the FCA. ExCo oversees the general strategy, direction and activities of the FCA, including delivery of the annual Business Plan. It is responsible for monitoring the direction and performance of the organisation within the strategic framework set by the Board.
Barbara Frohn (Adviser)
Sean Martin (Adviser)
Executive Regulation and Policy Committee
The Executive Regulation and Policy Committee (ERPC) and the Executive Committee (ExCo) are the two highest ranking executive decision-making bodies of the FCA. ERPC is chaired by Andrew Bailey. ERPC is responsible for executive decision making on policy decisions and regulatory issues. Its membership is the same as ExCo plus the Director of Policy.
Policy Development Committee
The Policy Development Committee is chaired by the Director of Policy. It oversees FCA regulatory policy initiatives and scrutinises and challenges the process for developing policy to ensure that new policies are based on sound evidence and analysis. PDC reports directly to ERPC.
Executive Operations Committee
The Executive Operations Committee is chaired by Georgina Philippou. It is responsible for monitoring the FCA’s economic and efficient use of resources, internal risk management, people strategy and culture and operating platform and resilience. EOC reports directly to ExCo.
Executive Diversity Committee
The Executive Diversity Committee (EDC) is chaired by Christopher Woolard. EDC leads the FCA’s internal and external diversity and inclusion agenda in support of making the FCA an employer of choice and a more effective regulator. The EDC’s role includes providing direction and taking decisions on diversity-related matters affecting the FCA and championing diversity within the FCA.