Tag: Marshall Bailey

Marshall Bailey

Former ACI President Appointed to UK’s FSCS

The UK’s Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) have announced the appointment of Marshall Bailey as chair of the Financial Services Compensation Scheme (FSCS) with effect from 1 April 2018.
The appointment was made by the FCA Board and the Prudential Regulation Committee (PRC) with the approval of HM Treasury. Bailey succeeds Lawrence Churchill who is stepping down after two terms as chair. Bailey has worked in financial services for over two decades, and has held senior positions in a number of firms.

ACI Replaces Member on MPG, but Ex-President Stays

Sources familiar with the matter say that David Woolcock is joining the Market Practitioners Group (MPG) sub-committee of the BIS Working Group.
The MPG, under the stewardship of CLS’s David Puth, is helping to develop the Global Code of Conduct for FX markets. The work started in mid-2015 in response to the series of scandals that rocked FX markets and the completed Code is due for delivery in six months’ time.
Woolcock is chair of ACI – The Financial Markets Association’s Committee for Professionalism (CFP), the committee that originally created and manages ACI’s Model Code.

And Finally…

The unexpected departure of ACI – The Financial Markets Association president Marshall Bailey has come at an inopportune time for the association, and more than ever the association needs to demonstrate to its members and the relevant authorities that it has a continuity programme in place

ACI President Steps Down

In what is being seen as a surprise move, the president of ACI – The Financial Markets Association, Marshall Bailey, has resigned from the role – he was the first paid president in the association’s more than 60-year history. In a letter to ACI members, seen by Profit & Loss, Bailey says, “Serving the international […]