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The Bank of England has 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 regulatory regimes; the appointments’ announced terms are five years.
The Bank of England has appointed Carlos Conceicao and Alexander Justham to its Enforcement Decision Making Committee (EDMC), with both appointments effective from September 2026. The committee decides contested enforcement cases under the Bank’s statutory regimes, making its membership relevant to how disputes involving regulated firms and individuals are heard and determined.
The Bank said the appointments followed an external recruitment process. It described Conceicao as bringing experience in regulatory and enforcement matters from both legal and regulatory work, and Justham as bringing a practitioner’s perspective from senior financial-services roles. The announcement does not identify a particular case connected to either appointment.
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. Earlier, he worked as a lawyer at the Financial Services Authority and as a criminal barrister. In January 2026, he became a panel member of the Bar Tribunal and Adjudication Service, according to the Bank.
Justham has more than 35 years of financial-services experience in the private and public sectors, the Bank said. His previous roles include 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’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 add legal, regulatory and industry experience to a body that considers evidence and decides cases when enforcement matters are contested rather than agreed. The EDMC can affect the outcome of disputes between the Bank and firms or individuals subject to its enforcement powers. Its role is distinct from the Bank’s work investigating or bringing a case: when a case is contested, the committee panel considers the evidence, hears representations and makes the decision.
The committee’s remit spans several areas of the Bank’s responsibilities, including prudential regulation, financial market infrastructures and resolution. It also covers securitisation, wholesale cash distribution, critical third parties and notes issuance. A decision in a contested case can therefore concern different types of regulated activity, rather than only banks or conventional conduct matters.
The appointments themselves do not indicate that enforcement action is increasing or that a specific case is pending. Their significance is institutional: the Bank is adding two members with different professional backgrounds to the group available to hear contested cases. The Bank’s statement presents those perspectives as relevant to judging complex matters; it does not make a claim about the likely outcomes of future decisions.
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How the EDMC Hears Cases
The Bank says most disciplinary enforcement cases are agreed between it and the relevant firm or individual. If a respondent contests a case, the EDMC Chair convenes a panel of three or more members. That panel reviews the evidence, hears representations and reaches a decision under the committee’s procedures.
EDMC members are appointed for five-year terms and may be reappointed for a second term. The Bank says members may serve no more than two terms. The announcement names Conceicao and Justham and gives their effective date, but does not set out individual term end dates or say whether the appointments fill vacancies or expand the committee’s membership.
The Bank publishes separate EDMC Procedures and its approach to enforcement, including statements of policy and procedure. Those materials describe the framework governing the committee and enforcement process; the appointment announcement does not amend or replace them.
“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
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Term Details and Committee Vacancies
The announcement does not say how many members currently serve on the EDMC, whether Conceicao and Justham are replacing departing members, or whether the committee’s overall size is changing. It also does not give their precise term end dates, beyond the general rule that members serve five-year terms and may be reappointed once.
The Bank has not linked the appointments to any named enforcement proceeding, and no case-specific decisions or changes to enforcement policy are announced. The release also does not provide further detail on the external recruitment process or explain how panels will be assigned to future cases. These points remain unspecified in the published announcement.
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Appointments Take Effect in September
Both appointments took effect in September 2026, according to the Bank’s announcement. The next practical step is for the members to take part in the committee’s work when assigned, including sitting on panels convened by the EDMC Chair for contested cases. The Bank has not announced a hearing or decision involving either new member.
For details on the committee’s remit and process, readers can consult the Bank’s published EDMC Procedures and its enforcement policy and procedure statements. Any later notice of a panel, hearing or decision would provide case-specific information not contained in this appointment announcement.
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Key Questions
Who has the Bank of England appointed to the EDMC?
The Bank appointed Carlos Conceicao and Alexander Justham following an external recruitment process. Their appointments took effect in September 2026.
What does the Enforcement Decision Making Committee do?
The EDMC decides contested enforcement cases under the Bank of England’s statutory regimes. A panel considers evidence and representations before making a decision.
When does the EDMC convene a panel?
The Bank says most disciplinary enforcement cases are agreed. When a firm or individual contests a case brought by the Bank, the EDMC Chair convenes a panel of three or more members.
How long do EDMC members serve?
Members are appointed for five years and may be reappointed for a second term. The Bank says they may serve a maximum of two terms.
Did the Bank announce a specific case alongside these appointments?
No. The appointment notice does not identify a case involving Conceicao or Justham, or announce a change to enforcement policy. It describes the appointments and the committee’s role.
Source: primary
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