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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 areas overseen by the Bank; the appointments add legal, regulatory and financial-sector experience.
The Bank of England appointed Carlos Conceicao and Alexander Justham to its Enforcement Decision Making Committee (EDMC), with both appointments taking effect in September 2026. The committee considers cases in which firms or individuals contest enforcement action brought by the Bank, giving the appointments a role in how disputed regulatory cases are decided.
The Bank said the appointments followed an external recruitment process. Conceicao is a qualified solicitor and barrister who was a partner at Clifford Chance from 2007 to 2025, where he led the firm’s global regulatory disputes and investigations practice. Earlier in his career, he 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 financial-services experience across the public and private sectors. 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 board of the European Securities and Markets Authority and the FCA Practitioner Panel, and co-chaired the G-20 IOSCO Task Force on Commodities. His early career was at J.P. Morgan, in investment banking and fixed income.
The Bank’s announcement describes the EDMC as its decision-making body for contested enforcement cases under the statutory regimes it administers. Those regimes cover prudential regulation, financial market infrastructures, resolution, securitisation, wholesale cash distribution, critical third parties and notes issuance. The appointments add members with different professional backgrounds to a body that may be asked to weigh evidence and representations in disputes with significant regulatory consequences.
Who Decides Contested Bank Cases
The appointments concern the independent decision stage of the Bank’s enforcement process, rather than the initial decision to bring a case. According to the Bank, most disciplinary enforcement outcomes are agreed between the regulator and the firm or individual involved. When a case is contested, however, the EDMC Chair convenes a panel of three or more members to consider the evidence, hear representations and make a decision.
That function can matter to regulated firms and individuals because it provides a formal route for a disputed case to be considered by a committee rather than resolved by agreement. The EDMC’s remit also spans a range of Bank responsibilities, from prudential regulation and market infrastructure to resolution and notes issuance. The Bank’s announcement does not identify any particular pending case affected by these appointments, so their significance is institutional: the committee will have two new members available for its work from September 2026.
Chair of the Bank’s Court David Roberts said the committee needed both regulatory and legal knowledge and practical experience. His stated rationale links the appointments to the committee’s capacity to assess complex contested cases. That is the Bank’s explanation for the choices; the announcement does not publish an assessment of how the new members may affect the outcomes or duration of future cases.
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The EDMC’s Role in Enforcement
The EDMC is involved when a firm or individual chooses to contest an enforcement case brought by the Bank. In those circumstances, the committee panel considers the material before it, hears representations and reaches a decision. The committee is therefore distinct from the resolution of cases that the parties agree without a contested hearing. The Bank refers readers to its published EDMC Procedures and its enforcement policy and procedural statements for further detail about how the process operates.
Members are appointed for five-year terms and may be reappointed for one additional term, subject to a maximum of two terms. The announcement gives no further detail about the recruitment timetable or the committee’s current membership. It identifies Conceicao’s appointment to the Bar Tribunal and Adjudication Service in January 2026 and records Justham’s prior public and private-sector roles as relevant experience, but it does not set out individual case assignments or a separate remit for either appointee.
“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 Given in the Announcement
The Bank’s release confirms the members, appointment process and effective date, but does not state how many other members currently serve, whether the appointments fill vacancies or expand the committee, or how individual cases will be allocated. It also does not identify any ongoing or upcoming contested cases that Conceicao or Justham will hear.
The announcement provides no information about the new members’ views on specific regulatory issues or how their appointments may affect enforcement decisions. Their professional histories and the Bank’s description of the committee’s needs are confirmed; any prediction about case outcomes, enforcement priorities or changes in decision-making would go beyond the information released.
Committee Work Under the New Terms
With the appointments effective from September 2026, Conceicao and Justham can take part in EDMC work under the committee’s established procedures. If a firm or individual contests a case, the Chair may convene a panel of at least three members to examine the evidence, hear representations and decide the matter. The Bank has not announced a particular hearing or further appointment timetable alongside this release.
Readers seeking procedural detail can consult the Bank’s EDMC Procedures and its published approach to enforcement. Any later announcement about hearings, panel composition or enforcement decisions would provide more information about how the committee’s work proceeds, but the appointment release itself sets out no scheduled next milestone.
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 committee decides cases in which a firm or individual contests enforcement action brought by the Bank. A panel of three or more members considers evidence, hears representations and makes a decision.
How long do EDMC members serve?
Members are appointed for five years and may be reappointed for one further term. The Bank says members may serve a maximum of two terms.
Has the Bank said which cases the new members will hear?
No. The announcement does not identify any specific current or future case for either appointee, nor does it provide a hearing schedule.
Source: primary
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