Ex-FCA boss Woolard awarded CBE

Ex-FCA boss Woolard awarded CBE

The former interim boss of the Financial Conduct Authority has been awarded a CBE in the New Years Honours List 2021 for services to financial regulation.  

Christopher Woolard stepped into the role of interim chief executive at the City watchdog when Andrew Bailey left the regulator to join the Bank of England in March 2020. 

Mr Woolard temporarily took over the top spot from his role as executive director of strategy and competition at the regulator.

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He led the FCA's response to the first wave of the coronavirus pandemic, which saw the regulator postpone non-urgent work and introduce temporary lifelines for mortgage borrowers and credit consumers. 

With the recent appointment of Nikhil Rathi as the FCA's chief executive, Mr Woolard is set to leave the City watchdog this year after leading a review into how regulation might better support a "healthy" unsecured lending market. 

The former FCA boss received a CBE in this year's honours list for services to financial regulation and financial technology innovation.

During his time at the regulator Mr Woolard also took charge of the FCA’s interests in fintech and its regulatory sandbox, including the advice unit.