Nausicaa Delfas

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

Nausicaa Delfas

Nausicaa took up her role of Executive Director of International in February 2018.  She is 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.

Until February 2018, Nausicaa was acting Chief Operating Officer. 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.