The Regulatory Decisions Committee (RDC) takes contested enforcement 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 a member of the Ofgem Enforcement Decision Panel.
Elizabeth was Chair of the Security Industry Authority and Chair of the Police Advisory Board for England and Wales from 2014-2021. From 2009-2014 she was Chair of the Office for Legal Complaints. 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, leaving to become 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 both the firm’s Pro Bono Committee and the Office of General Counsel. 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 international 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, with reported cases in the UK’s Supreme Court and the Judicial Committee of the Privy Council.
John has sat as a Deputy District Judge on the London and South East circuit since 2013. He is a Centre for Effective Dispute Resolution-accredited mediator (1999). John is also a member of the Consultation Board of PLC Dispute Resolution (part of Thomson Reuters).
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 an independent Board member and Risk Committee member on the RGTS/CHAPS Board at the Bank of England and also Chairs the RTGS/CHAPS external facing Strategic Advisory Forum.
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.
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, Standard Life Savings and Societe Generale International.
She is currently non-executive director on the boards of Handelsbanken plc, 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 11 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.
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 Senior Independent Director of Scotia Bank Europe and OneSavings Bank. 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 is an experienced non-executive director who currently holds positions at the Office of Road and Rail, Elexon. She is the Chair of MOSL, the market operator for England’s non-retail water market, having previously chaired Thames Water's Customer Challenge Group. She is a lay member of the General Dental Council and a member of the Enforcement Decision Making Committee of the Bank of England.
In her executive career, she spent more than 20 years in the telecoms sector at BT, leading the regulatory negotiations that led to the creation of Openreach. Anne chairs Volunteering Matters, is vice chair of the National Council for Voluntary Organisations and is a trustee of a number of other charities. She also chairs the Governance and Nominations Committee for Diabetes UK.
Julie joined the RDC in 2019.
Julie is a specialist in regulatory compliance, risk and governance. She holds the position of Chief Regulatory Officer 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 barrister, 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 the development of regulatory regimes for the protection of consumers.
She held a public appointment as Deputy Pensions Ombudsman between 2015-2020.
She was formerly the Pensions Regulator’s lead adviser on strategic legal risk, where she led the development of the Regulator’s compliance and enforcement strategy for auto-enrolment and established its first enforcement team.
At the Office of Fair Trading, she was a consumer protection lawyer advising on credit licensing, statutory codes and enforcement casework with national impacts. At the independent bar, her practice included mortgage, consumer credit, landlord and tenant, debt and crime at all levels of seriousness.
She is the current Vice-Chair of Brighton and Hove Citizens Advice.
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, and Aldeburgh Cinema Trust. He is also a Senior Advisor at Qbera Capital LLP, a finance and advisory company.
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.
Robin is an ordinary member of the Competition Appeal Tribunal, following 8 years as a member of the UK’s Competition and Markets Authority). 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 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 Deputy Chair of the Bank of England’s Enforcement Decision Making Committee. He is also 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 and a board member of the Channel Islands Competition and Regulatory Authorities. He chaired the British Institute’s Competition Law Forum, and worked in private practice in London, Toronto and Tokyo, and as a competition official in Ottawa.
Stephen joined the RDC in 2019.
Stephen is an Independent Non-Executive Director and Audit Committee Chair of Gama Aviation Plc. He also Chairs the Finance & Performance Committee and sits on the Audit, Workforce and Sustainability Committees of University Hospitals Dorset NHS Foundation Trust which manages two large acute general hospitals with 9,000 staff and turnover of £600m. Stephen is a member of the Determinations Panel of The Pensions Regulator, acts internationally as an expert witness on auditing, financial reporting and corporate governance matters and is a Governor of Reading Blue Coat School. Previously he sat on the Audit Quality Review Committee of the Financial Reporting Council, and was a Trustee and Treasurer of New Forest Heritage.
Stephen retired as a senior partner with PwC in 2016 after almost 4 decades’ experience auditing and advising listed companies, their boards and management teams on financial, operational, strategic and governance issues. As lead engagement and global relationship partner he worked internationally with leading FTSE, NYSE, NASDAQ, CAC40, DAX and other Fortune 500 groups. He served in management roles as Head of Marketing & Business Development for the South Region, Senior Partner of PwC's West London office and as UK Technology Industry Leader. From 2001-2011 he was based in PwC's London Top Tier Assurance practice before moving to strengthen the firm’s presence in the Thames Valley where he worked additionally with several major AIM and mid-market companies. He is a Fellow of the Institute of Chartered Accountants in England & Wales, and holds an MBA with Distinction from Warwick Business School.
Sidney joined the RDC in 2019.
He began his legal career in 1982 at global law firm Allen & Overy LLP, where he was a partner for 18 years, after which he spent ten years as a partner and then a consultant at Bryan Cave Leighton Paisner LLP (BCLP).
Sidney practised as a commercial litigation solicitor in London and Hong Kong, dealing with a variety of complex disputes and financial investigations.
Sidney was Head of the Regulatory Investigations Group at Allen & Overy and then led the Financial Services practice at BCLP. His practice focused on financial services regulatory disputes, acting for both firms and individuals.
He is a member of the Financial Services Lawyers Association’s Advisory Board and a Centre for Effective Dispute Resolution accredited mediator.
He has volunteered as a mentor for the Social Mobility Foundation and more recently chaired an educational fundraising charity.
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. Between 2012 and 2019, he was 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 25 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 a member of the Supervisory Board of life and investment group Aegon NV and chairs the Audit Committee. She is also Audit Committee Chair at general insurers, Tesco Underwriting Limited and Brit Syndicates 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.