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The Bank of England appointed Carlos Conceicao and Alexander Justham to its Enforcement Decision Making Committee, effective September 2026, after an external recruitment process. The committee decides contested enforcement cases across several Bank-regulated areas; the appointments do not announce any specific enforcement outcome.
The Bank of England has appointed Carlos Conceicao and Alexander Justham to its Enforcement Decision Making Committee (EDMC), with both appointments taking effect in September 2026 after an external recruitment process. The committee rules on contested enforcement cases under statutory regimes operated by the Bank, making its membership relevant to firms and individuals facing those proceedings.
The Bank said the EDMC is its decision-making body for contested enforcement matters involving prudential regulation, financial market infrastructures, resolution, securitisation, wholesale cash distribution, critical third parties and notes issuance. The appointments add legal and regulatory experience, alongside senior financial-services industry experience, to the committee.
Conceicao is a qualified solicitor and barrister. He was a partner at Clifford Chance LLP 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 was appointed to the Bar Tribunal and Adjudication Service panel.
Justham has more than 35 years of experience across public and private-sector financial services roles. His posts 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 board of the European Securities and Markets Authority and the FCA’s Practitioner Panel, and co-chaired the G-20 IOSCO Task Force on Commodities. Earlier in his career, he worked in investment banking and fixed income at J.P. Morgan.
Who Decides Contested Bank Cases
The appointments concern the body that makes decisions when an enforcement case brought by the Bank is disputed rather than agreed. Under the process described by the Bank, the EDMC Chair convenes a panel of at least three members to review evidence, hear representations and decide the case. Its decisions can therefore affect firms or individuals subject to the Bank’s enforcement powers.
The appointments bring distinct backgrounds to that process. Conceicao’s work in regulatory disputes and investigations is relevant to the legal and procedural dimensions of contested cases; Justham’s executive and regulatory roles offer experience from financial markets and the institutions subject to oversight. That is the rationale given by the Bank’s Court Chair, not a guarantee about how the committee will decide any particular matter.
The announcement is about committee membership, not a new enforcement action or policy change. It names no case under consideration and makes no finding against a firm or individual. Readers should not infer a change in enforcement outcomes from the appointments alone.
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How the EDMC Handles Disputes
The Bank says the outcomes of most disciplinary enforcement cases are agreed between it and the relevant firm or individual. A case reaches the EDMC decision process when the subject contests the matter. The Chair then convenes a panel of three or more committee members to consider the evidence and representations before making a decision.
Members are appointed for five-year terms and may be reappointed for a second term, with a maximum of two terms. The Bank points readers to its EDMC Procedures and its published approach to enforcement for full details of the committee’s remit and processes. The announcement does not provide individual appointment end dates or information about the committee’s current caseload.
“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
Details Not Included in the Notice
The Bank’s announcement does not state how many members currently sit on the EDMC, whether the appointments fill vacancies or expand its membership, or the precise end dates of the new members’ terms. It also does not identify any contested cases awaiting a panel or set out a timetable for future decisions.
The notice confirms the appointments and their effective date, but provides no indication that the committee’s procedures or enforcement approach have changed. Any effects on a particular case would depend on the case, the panel convened and the applicable procedures.
Committee Service Begins in September
Conceicao and Justham’s appointments take effect in September 2026. The Bank has not announced a first case for either new member or a separate event marking their start. If a firm or individual contests an enforcement case, the EDMC Chair will convene a panel of at least three members under the committee’s procedures.
Further information about the committee’s remit and how it handles cases is available in the Bank’s EDMC Procedures and its published enforcement policy. The Bank’s notice does not give a schedule for future EDMC decisions, so the next public developments will depend on any cases or updates it announces.
Key Questions
Who has the Bank of England appointed to the EDMC?
The Bank appointed Carlos Conceicao and Alexander Justham after an external recruitment process. Both appointments take effect in September 2026.
What does the Enforcement Decision Making Committee do?
The EDMC decides contested enforcement cases brought under statutory regimes operated by the Bank of England. A panel considers the evidence, hears representations and makes a decision.
When do the appointments take effect?
The appointments take effect in September 2026, according to the Bank’s announcement.
How long do EDMC members serve?
The Bank says members are appointed for five-year terms and may be reappointed for a second term. They may serve a maximum of two terms.
Did the Bank announce a change to enforcement policy?
No. The announcement concerns two committee appointments. It does not report a policy change, identify a case before the EDMC or announce an enforcement decision.
Source: primary
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