Bailey appointed FSCS chair

The FSCS is the compensation fund of last resort, protecting consumers in the event of an authorised financial services firm failing

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Marshall Bailey: “I am delighted to be joining the FSCS as its new chair”

Marshall Bailey, the former president of the ACI Financial Markets Association, has been appointed as chair of the Financial Services Compensation Scheme from April 1.

The FSCS is the compensation fund of last resort, which protects consumers when authorised financial services firms fail.

Bailey succeeds Lawrence Churchill, who is stepping down from the chairmanship after two terms. Bailey’s appointment has been approved by the Financial Conduct Authority (FCA) and the Prudential Regulation Au

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