Branch² Intelligence
Former Virgin Money chief set to lead Financial Reporting Council
Key takeaway
Dame Jayne-Anne Gadhia, former Virgin Money CEO, named preferred candidate to lead the Financial Reporting Council (FRC).
- Step 1Dame Jayne-Anne Gadhia appointed as FRC chair, bringing fintech and banking experience.
- Step 2FRC likely to modernise audit and governance standards, emphasising technology and proportionality for smaller companies.
- Step 3SMEs face adjusted compliance requirements but benefit from clearer, more cost-effective audit pathways.
Source: City A.M.
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