Emily Shepperd, who joined the regulator in 2021, is yet to decide on her next role.
The agency has not yet named her replacement.
Emily Shepperd, who has served as Chief Operating Officer at the Financial Conduct Authority (FCA) for the past four years, has resigned from her position and will leave the regulator, according to a report by Financial News.
A Financial Industry Veteran
Before joining the FCA in 2021, Shepperd spent decades in the financial services industry. Although she has not yet lined up her next role following her regulatory tenure, she is reportedly looking to return to the private sector.
Emily Shepperd (photo: LinkedIn)
The FCA has not yet appointed a replacement for the COO role.
Over her three-decade career, Shepperd held senior operational roles in banking. She began her career at JPMorgan before moving to custody platform Pershing, a subsidiary of BNY Mellon, where she led programme change and management. She also served as BNY Mellon’s EMEA COO and was a Director at Aegon.
Nikhil Rathi, Chief Executive of the FCA, Source: Bank of England
“From turning around the operational performance in authorisations, whilst also ensuring a more rigorous gateway, to then transforming our overall operational performance, and most recently the development and launch of our new strategy, Emily has made a valuable impact on our organisation,” said Nikhil Rathi, CEO of the FCA, reflecting on Shepperd’s time at the regulator.
FCA and CFDs
The FCA regulates the broader financial services industry in the UK, including forex and contracts for differences (CFDs) brokers. Last December, the regulator revealed that 20 per cent of authorised CFD brokers in the country were inactive, and none of the 100 EU-based CFD brokers that entered under the temporary permissions regime after Brexit applied for full authorisation.
Recently, the FCA’s Joint Executive Director of Enforcement and Market Oversight, Therese Chambers, stated that the regulator aims to be more transparent with its data requirements for instruments such as CFDs and spread bets in order to improve market abuse surveillance.
Emily Shepperd, who has served as Chief Operating Officer at the Financial Conduct Authority (FCA) for the past four years, has resigned from her position and will leave the regulator, according to a report by Financial News.
A Financial Industry Veteran
Before joining the FCA in 2021, Shepperd spent decades in the financial services industry. Although she has not yet lined up her next role following her regulatory tenure, she is reportedly looking to return to the private sector.
Emily Shepperd (photo: LinkedIn)
The FCA has not yet appointed a replacement for the COO role.
Over her three-decade career, Shepperd held senior operational roles in banking. She began her career at JPMorgan before moving to custody platform Pershing, a subsidiary of BNY Mellon, where she led programme change and management. She also served as BNY Mellon’s EMEA COO and was a Director at Aegon.
Nikhil Rathi, Chief Executive of the FCA, Source: Bank of England
“From turning around the operational performance in authorisations, whilst also ensuring a more rigorous gateway, to then transforming our overall operational performance, and most recently the development and launch of our new strategy, Emily has made a valuable impact on our organisation,” said Nikhil Rathi, CEO of the FCA, reflecting on Shepperd’s time at the regulator.
FCA and CFDs
The FCA regulates the broader financial services industry in the UK, including forex and contracts for differences (CFDs) brokers. Last December, the regulator revealed that 20 per cent of authorised CFD brokers in the country were inactive, and none of the 100 EU-based CFD brokers that entered under the temporary permissions regime after Brexit applied for full authorisation.
Recently, the FCA’s Joint Executive Director of Enforcement and Market Oversight, Therese Chambers, stated that the regulator aims to be more transparent with its data requirements for instruments such as CFDs and spread bets in order to improve market abuse surveillance.
Arnab is an electronics engineer-turned-financial editor. He entered the industry covering the cryptocurrency market for Finance Magnates and later expanded his reach to forex as well. He is passionate about the changing regulatory landscape on financial markets and keenly follows the disruptions in the industry with new-age technologies.
After Nearly Two Decades, Sam Irwin Follows Former IG CEO to Crypto.com
Executive Interview | Charlotte Bullock | Chief Product Officer, Bank of London | FMLS:25
Executive Interview | Charlotte Bullock | Chief Product Officer, Bank of London | FMLS:25
In this interview, we sat down with Charlotte Bullock, Head of Product at The Bank of London, previously at SAP and now shaping product at one of the sector’s most ambitious new banking players.
Charlotte reflects on the Summit so far and talks about the culture inside fintech banks today. We look at the pressures that come with scaling, and how firms can hold onto the nimble approach that made them stand out early on.
We also cover the state of payments ahead of her appearance on the payments roundtable: the blockages financial firms face, the areas that still need fixing, and what a realistic solution looks like in 2026.
In this interview, we sat down with Charlotte Bullock, Head of Product at The Bank of London, previously at SAP and now shaping product at one of the sector’s most ambitious new banking players.
Charlotte reflects on the Summit so far and talks about the culture inside fintech banks today. We look at the pressures that come with scaling, and how firms can hold onto the nimble approach that made them stand out early on.
We also cover the state of payments ahead of her appearance on the payments roundtable: the blockages financial firms face, the areas that still need fixing, and what a realistic solution looks like in 2026.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
