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The Bank of England appointed Carlos Conceicao and Alexander Justham to its Enforcement Decision Making Committee following an external recruitment process. Their appointments took effect in September 2026; the committee decides contested enforcement cases across several Bank-supervised areas.
The Bank of England appointed Carlos Conceicao and Alexander Justham to its Enforcement Decision Making Committee, with both appointments taking effect in September 2026. The committee decides contested enforcement cases brought under statutory regimes overseen by the Bank, making its membership relevant to how disputes with regulated firms and individuals are heard.
The Bank said the appointments followed an external recruitment process. Conceicao is a qualified solicitor and barrister who was a partner at Clifford Chance from 2007 to 2025, where he led the firm’s global regulatory disputes and investigations practice. He has also worked as a lawyer at the Financial Services Authority and as a criminal barrister. In January 2026, he joined the Bar Tribunal and Adjudication Service as a panel member.
Justham has more than 35 years of experience in financial services across the public and private sectors. His roles have included chief executive of the London Stock Exchange, director of markets at the Financial Services Authority and, most recently, chief operating officer of UBS Wealth Management UK and Jersey. He has also served on the European Securities and Markets Authority board and the FCA Practitioner Panel, and co-chaired the G-20 IOSCO Task Force on Commodities.
David Roberts, chair of the Bank’s Court, said Conceicao would bring experience in regulatory and enforcement processes, while Justham would contribute a practitioner’s perspective. Roberts said the appointments would give the committee skills and experience for judgments in contested cases. That is the Bank’s rationale for the selections; it does not describe the outcome of any particular case.
Who Decides Contested Bank Cases
The EDMC provides a separate decision-making route when an enforcement matter brought by the Bank is contested by a firm or individual. Most disciplinary outcomes are agreed between the Bank and the party concerned, according to the Bank. If a case is disputed, the committee’s role is to consider the evidence, hear representations and make a decision.
The appointments add two members with different professional backgrounds: Conceicao’s work has focused on legal and regulatory disputes, while Justham has held senior roles in financial markets and financial services. That mix may inform the committee’s consideration of complex cases, although the Bank has not linked either appointment to a specific matter or announced any change to its procedures.
The committee’s remit spans several areas of the Bank’s statutory responsibilities. Its decisions can therefore concern more than conventional prudential regulation: the listed regimes also cover financial market infrastructure, resolution, securitisation, wholesale cash distribution, critical third parties and notes issuance. The appointments concern the body that handles contested cases across those areas, rather than a new enforcement policy or a change to the Bank’s powers.
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How the EDMC Handles Disputes
The Bank describes the EDMC as its decision-making body for contested enforcement cases under the statutory regimes it operates. The process is not used for every disciplinary matter. The Bank says most outcomes are agreed between it and the relevant firm or individual; a panel is convened when a party contests a case brought by the Bank.
In a contested matter, the EDMC chair convenes a panel of three or more members. The panel considers the evidence, hears representations and makes the decision. The Bank’s published EDMC Procedures set out the committee’s process, while its enforcement policy and procedural statements describe the wider approach to enforcement.
Members are appointed for five-year terms and may be reappointed for one further term, the Bank says. No member may serve more than two terms. The announcement identifies Conceicao and Justham as members from September 2026 but does not state how their appointments affect the committee’s overall membership or identify any cases they will hear.
“Carlos will bring significant experience of the regulatory and enforcement processes from both a legal and regulatory background.”
— David Roberts, chair of the Court of the Bank of England
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Membership and Case Assignments
The announcement does not give the EDMC’s full membership list, say whether the appointments fill vacancies or expand the committee, or identify which members will sit on future panels. It also does not disclose a particular enforcement case connected with the appointments.
The Bank’s release provides no further detail about the recruitment process, including the number of candidates considered. The appointments’ effective date is given as September 2026, but the announcement does not specify the exact day. Any conclusions about how the new members may affect future decisions remain uncertain; no change in enforcement outcomes or committee procedures was announced.
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Panels Will Hear Contested Cases
From their September 2026 start dates, Conceicao and Justham can serve as EDMC members under the committee’s existing arrangements. If a firm or individual contests an enforcement case brought by the Bank, the chair may convene a panel of at least three members to examine the evidence, hear representations and reach a decision.
The Bank’s EDMC Procedures and enforcement policy remain the published references for how those proceedings work. The announcement sets out no separate timetable for further appointments or changes to the committee’s process. The next concrete developments will depend on the cases brought and whether any are contested.
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Key Questions
Who has the Bank of England appointed to the EDMC?
The Bank appointed Carlos Conceicao and Alexander Justham as members of its Enforcement Decision Making Committee.
When did the appointments take effect?
The Bank said both appointments took effect in September 2026. It did not specify an exact day.
What does the EDMC do?
The EDMC decides enforcement cases brought by the Bank that a firm or individual contests. A panel considers evidence, hears representations and makes a decision.
Do the appointments change the Bank’s enforcement procedures?
The announcement describes appointments, not a change to policy or procedures. The Bank says most disciplinary outcomes are agreed; the EDMC process applies when a case is contested.
Source: primary
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