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The Bank of England has 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 areas of the Bank’s remit.
The Bank of England has appointed Carlos Conceicao and Alexander Justham to its Enforcement Decision Making Committee (EDMC), with both appointments effective from September 2026. The committee considers contested enforcement cases brought under statutory regimes administered by the Bank, making its membership relevant to firms and individuals facing those proceedings.
The Bank said the appointments followed an external recruitment process. The EDMC is the Bank’s decision-making body when a firm or individual contests an enforcement case. A panel of three or more members considers the evidence, hears representations and makes a decision.
Conceicao is a qualified solicitor and barrister. From 2007 to 2025, he was a partner at Clifford Chance LLP, where he led the firm’s global regulatory disputes and investigations practice. The Bank also noted his earlier work as a lawyer at the Financial Services Authority and as a criminal barrister. In January 2026, he was appointed to the Bar Tribunal and Adjudication Service as a panel member.
Justham has more than 35 years of experience across the private and public sectors, according to the Bank. 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 & Jersey. He has also served on the European Securities and Markets Authority board and the FCA’s Practitioner Panel, and co-chaired the G-20 IOSCO Task Force on Commodities.
Who Decides Contested Bank Cases
The appointments add two members with different professional backgrounds to the body responsible for deciding contested enforcement cases. Conceicao’s experience in regulatory disputes and legal proceedings, and Justham’s experience in financial markets and regulated firms, are relevant to the committee’s work, though the Bank did not describe how individual members will be assigned to particular cases.
The EDMC’s remit covers statutory regimes relating to prudential regulation, financial market infrastructures, resolution, securitisation, wholesale cash distribution, critical third parties and notes issuance. Its decisions can therefore concern a range of institutions and activities within the Bank’s regulatory responsibilities. The committee’s role is distinct from cases that are resolved by agreement: it is convened when a firm or individual chooses to contest a case brought by the Bank.
In announcing the appointments, David Roberts, chair of the Bank’s Court, said the new members would bring legal, regulatory and practitioner experience. He said the appointments would help the EDMC retain the skills and experience needed to judge contested cases. That is the Bank’s stated rationale; the release does not set out new enforcement powers or a change to the committee’s procedures.
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How the EDMC Handles Cases
The Bank says the outcomes of most disciplinary enforcement cases are agreed between the Bank and the relevant firm or individual. When a case is contested, the EDMC chair convenes a panel of at least three members to assess the evidence, hear representations and decide the matter. The Bank directs readers to its EDMC Procedures and its published approach to enforcement for the rules governing that process.
EDMC members are appointed for a five-year term and may be reappointed for a second term, with a maximum of two terms. The appointments of Conceicao and Justham took effect in September 2026. The announcement does not state the precise end dates of their terms or identify any members they may be replacing.
“I am delighted to welcome Carlos Conceicao and Alexander Justham to the Enforcement Decision Making Committee.”
— David Roberts, chair of the Court of the Bank of England
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Term Dates and Case Assignments
The Bank’s announcement does not provide the members’ individual term end dates, say whether they replace outgoing members, or describe how cases will be allocated among EDMC members. It also does not identify any current or upcoming cases in which either appointee will participate.
The release gives a general description of the committee’s remit and procedures but does not announce changes to either. Details of how panels are formed and how contested proceedings are conducted are set out separately in the Bank’s EDMC Procedures.
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EDMC Work Under Existing Procedures
Conceicao and Justham’s appointments are effective from September 2026. The EDMC will continue to convene panels of three or more members when a firm or individual contests an enforcement case, following the Bank’s published procedures. The announcement does not give a timetable for any further appointments or name a specific case as the committee’s next matter.
Readers seeking procedural details can consult the Bank’s EDMC Procedures and its published approach to enforcement. Any case-specific decisions or subsequent membership updates would need to be confirmed through further Bank announcements or published committee materials.
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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 appointments took effect in September 2026, according to the Bank’s announcement.
What does the EDMC do?
The EDMC decides enforcement cases that a firm or individual contests. A panel of three or more members considers the evidence, hears representations and makes a decision.
What areas can EDMC cases cover?
The Bank lists statutory regimes covering prudential regulation, financial market infrastructures, resolution, securitisation, wholesale cash distribution, critical third parties and notes issuance.
How long do EDMC members serve?
The Bank says members serve a five-year term and may be reappointed for a second term. Members may serve no more than two terms.
Source: primary
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