Chancellor Rishi Sunak has appointed three industry stalwarts as new members of the Prudential Regulation Authority’s governing body, the Prudential Regulation Committee.

The FCA and the Prudential Regulation Authority (PRA) have banned and fined Stuart Malcolm Forsyth, the former CEO of a small mutual insurer, £78,318 and £76,180 respectively.

Mark Neale, chief executive of the Financial Services Compensation Scheme (FSCS), will step down on 3 May 2019 after nine years in the role.

The FCA, alongside the Bank of England and Prudential Regulation Authority, has published a joint discussion paper on the resilience of firms in the face of hackers and cyber-attacks.