These 2 committees are responsible for taking certain regulatory decisions on behalf of the FCA (Financial Conduct Authority) and PSR (Payment Systems Regulator). Members are drawn from across a spectrum of business, consumer and industry experience.

The new appointments are made ahead of the existing Deputy Chairs, Elizabeth France and John Hull, standing down later this year after the completion of their terms.

Tim Parkes, the Chair of the RDC and EDC, said:

’I am delighted to welcome our 2 new Deputy Chairs.  Margaret and Edward bring with them a wealth of knowledge and experience, including their experience of chairing and decision-making, which will enhance the capability and effectiveness of the RDC and EDC.

’By the time they stand down, Elizabeth and John together will have provided nearly 16 years’ outstanding service as Deputy Chairs and I would like to thank them both for their commitment to the work of the committees.’