The regulator has selected the head of Morgan Stanley Europe, Middle East and Africa (EMEA), Clare Woodman to chair its markets practitioner panel.

Barclays UK CEO Matt Hammerstein is new chair of its practitioner panel and Mandy Gradden, CFO of data and analytics company Ascential, is chairing the listing authority advisory panel.

Clare, Matt and Mandy — who took up their roles today (1st August) — will lead the panels in providing input from practitioners and market participants to help the FCA meet its objectives.

The FCA’s chairman Ashley Alder, said: "Clare, Matt, and Mandy bring with them a deep wealth of experience and knowledge at a changing and challenging time for the economy and for consumers.

“They will play a vital role in providing insight and challenge on behalf of the firms, markets and consumers we serve by ensuring that all voices are heard.

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"I am confident they will continue the excellent work of the panels in ensuring our regulation is targeted, timely and effective — and most importantly, that it delivers the right outcomes.”

Commenting on her appointment, Clare said: "With the financial market environment constantly evolving it is vital that regulators and industry continue to work together.

“I look forward to working with my senior industry colleagues and the FCA to ensure that markets remain efficient and effective allocators of capital, while upholding the highest standards.”

Matt added: “The panel plays a critical role in helping the FCA better anticipate the implications of proposed policy changes, and to better understand whether the existing body of policy is achieving the expected and appropriate outcomes.

“With the introduction of the new consumer duty, the incorporation of a competitiveness objective, the transformation of the FCA itself, and the ongoing uncertainty and challenges in the economy, an active dialogue between practitioners and the FCA is vitally important.

“I look forward to ensuring that dialogue is productive and meaningful on behalf of the consumers, businesses and markets that we jointly serve."