The Treasury Committee, the influential House of Commons group of MPs, has backed the appointment of new FCA chair Ashely Alder who will take over at the FCA from February.

Ashley Alder - the CEO of Hong Kong’s Securities and Futures Commission (SFC) - is to become the new chair of the Financial Conduct Authority from January.

Experienced financial regulator Ashley Alder, head of Hong Kong’s Securities and Futures Commission, could be the next chief executive of the FCA, according to reports from Sky News.