The FCA, and its sister body the Payment Systems Regulator (PSR), are to lead a study into setting up a regulator of Open Banking.

The search is on for the next chair of the FCA after the regulator confirmed that current chair Charles Randell will hand over to interim chair Richard Lloyd from 1 June.

The FCA is hunting for a new chairman to replace Charles Randell who will step down in the Spring, a year earlier than planned.

The FCA and Payment Systems Regulator (PSR) boards have appointed new members to three decision-making committees.