Nausicaa Delfas

Nausicaa Delfas is Executive Director of International, Interim Chief Operating Officer, and a member of the Executive Committee at the FCA.

Nausicaa Delfas Executive Committee

Nausicaa is a member of the Executive Committee at the FCA.  

She is responsible for the FCA’s global regulatory strategy, and the FCA’s operations. She was re-appointed interim Chief Operating Officer in January 2021, having successfully held this role for 15 months in 2016-2018, and in that capacity also attends the FCA Board Audit, Risk, and where appropriate, Remuneration, Committees. She was appointed Executive Director for International in February 2018. She now holds both positions.

She represents the FCA at global standard setting bodies such as the Financial Stability Board, International Organization of Securities Commissions (IOSCO), and the G7 Cyber Expert Group. She is a member of the joint Steering Group of the Committee on Payments and Market Infrastructures (CPMI) and IOSCO, in which she co-chairs an international group on cyber resilience.

Nausicaa has previously held many senior roles at the FCA, including Supervision, Risk and Policy. She has led innovative and complex transformational initiatives, driving changes in culture, including most recently the FCA’s response to the UK’s withdrawal from the EU. Previously, she has been responsible for internal transformational changes, and the transfer of consumer credit regulation to the FCA from the Office of Fair Trading in 2014.

Nausicaa joined the Financial Services Authority's Enforcement Division in 2000, where she led investigations and disciplinary actions in both 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. She holds undergraduate and post-graduate law degrees from Cambridge and Oxford Universities respectively.