The Financial Conduct Authority (FCA) today announced that Megan Butler has been appointed permanently to the role of Director of Supervision – Investment, Wholesale and Specialists (SIWS). Megan had previously been in the role on secondment from the Prudential Regulation Authority (PRA) where she was Executive Director of International Banks Directorate.
Tracey McDermott Acting Chief Executive commented:
“I am delighted that Megan has decided to stay at the FCA. She is an extremely experienced regulator with an excellent reputation in wholesale markets and has established herself as a key member of the FCA’s executive team over the past nine months”.
Megan Butler commented:
“I am very pleased to take on my role as director of SIWS in a permanent capacity. There is a huge amount of interesting, challenging and important work to do and I am excited about the opportunity to continue to shape financial services for the better. Having been here for nine months already, I know I’m leading a talented team.”
Megan was previously the Executive Director of International Banks Directorate at the PRA. Megan joined the Bank of England in April 2013 moving from the Financial Services Authority (FSA). She had been a supervisor since 2008, when she became Head of the Department responsible for the supervision of the UK operations of the major investment banks.
Prior to moving to supervision, Megan was Head of Enforcement Law and Policy at the FSA and chaired the International Organization of Securities Commissions (IOSCO) Standing Committee on Cross Border Cooperation and Enforcement from 2004-2008.
Before moving to the Enforcement Division, Megan was Chief Counsel for Markets, heading the legal team responsible for advising on legal issues relating to Official Listing, the regulation of exchanges and clearing houses, market conduct and the supervision of wholesale firms.
Megan joined the FSA in 2000. Before this, she spent several years at the London Stock Exchange in a variety of legal and non-legal roles, including Head of Capital Markets.
Megan is a Barrister, called to the bar in 1987.
Notes for editors
- Megan’s secondment from the PRA began on the 1 September 2015.
- On 1 April 2013 the FCA became responsible for the conduct supervision of all regulated financial firms and the prudential supervision of those not supervised by the Prudential Regulation Authority (PRA)
- The FCA has an overarching strategic objective of ensuring the relevant markets function well. To support this it has three operational objectives: to secure an appropriate degree of protection for consumers, to protect and enhance the integrity of the UK financial system and to promote effective competition in the interests of consumers
- Find out more information about the FCA[1]