Bank of England appoints Carlos Conceicao and Alexander Justham to enforcement committee

The Bank of England announced on 2 October 2026 that Carlos Conceicao and Alexander Justham had joined its Enforcement Decision Making Committee, which decides contested enforcement cases under the Bank’s statutory regimes. Their appointments took effect in September. For firms and individuals who challenge a Bank enforcement case, the committee is the body that hears their representations and makes the Bank’s decision.

The appointments followed an external recruitment process, according to the Bank. It did not identify cases the new members will hear or report an enforcement outcome resulting from their arrival. The announcement concerns the committee’s membership: it does not describe a change to the rules it applies or to how any particular case has been decided.

What the Bank of England’s enforcement committee does

Most disciplinary enforcement outcomes are agreed between the Bank and the firm or individual concerned, the Bank says. If a case is contested, the committee chair convenes a panel of at least three members. The panel considers the evidence, hears representations and reaches a decision. Its remit includes cases concerning prudential regulation, financial market infrastructure, resolution, securitisation, wholesale cash distribution, critical third parties and notes issuance.

The Bank’s 2025/26 committee report says the body was established by its Court of Directors in August 2018. Its purpose was to separate the teams investigating contested cases from those making the decisions. The report describes the committee’s decision as the final stage of the Bank’s administrative process. A person or firm subject to that decision can refer the matter to the Upper Tribunal, which considers it afresh.

Carlos Conceicao’s legal and regulatory experience

The Bank describes Conceicao as both a qualified solicitor and a barrister. He was a partner at Clifford Chance from 2007 to 2025, leading its global regulatory disputes and investigations practice, according to the appointment announcement. The Bank also lists earlier work as a lawyer at the Financial Services Authority and as a criminal barrister. It says he joined the Bar Tribunal and Adjudication Service panel in January 2026.

David Roberts, chair of the Bank’s Court, said Conceicao would bring experience of regulatory and enforcement processes from legal and regulatory roles. That is the Bank’s stated reason for welcoming him to the committee. The announcement does not assign him a particular case, panel or special responsibility within the committee.

Alexander Justham’s financial markets experience

The Bank says Justham has more than 35 years of experience across the public and private sectors. It lists his roles as 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. Roberts said Justham would bring a practitioner’s perspective to complex cases.

An earlier Financial Services Authority announcement provides a separate account of part of Justham’s career. It identified him as chief executive of London Stock Exchange plc and said he had been the authority’s director of markets from 2008 until October 2011. The same account said he represented the UK on the board of the European Securities and Markets Authority and co-chaired the G20 IOSCO task force on commodities. Those earlier roles provide context for his appointment; the FSA announcement does not assess his work on the Bank’s committee.

Why the committee recruited new members

The committee’s 2025/26 report said recruitment for additional members began in October 2025. It recorded that one member had stepped down during the reporting period and that five remaining members’ terms were due to end in 2026. The report presented recruitment as a way to maintain the committee’s membership as those terms concluded. The Bank says committee members are appointed for five years, may be reappointed once and can serve no more than two terms.

The announcement gives no details of the selection process beyond saying it was external. It also does not say which future contested cases, if any, Conceicao and Justham will consider. Their influence on a particular enforcement decision can only be assessed when the Bank reports what the committee has done.