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UKSA welcomes the appointment of Sir Win Bischoff as chairman of the Financial Reporting Council.

It has been announced that Sir Win Bischoff, currently chairman of Lloyds Banking Group plc, will succeed Baroness Hogg as chairman of the Financial Reporting Council (FRC).
Notably, as a long term banker, Sir Win is known to be in favour of improved accounting, particularly for the banks. At the launch of a book on the banking industry in 2013 he commented, “We need a return to proper forward loss provisioning. People should be paid on realised profits, not mark-to market (values)”.

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