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TheCityUK response to the Department of Business and Trade’s proposal that the Financial Reporting Council (FRC) should contribute to promoting competitiveness

Comment

22 November 2023

Miles Celic, Chief Executive Officer, TheCityUK said:

“Our industry supports the government in requiring the FRC to consider competitiveness when ensuring compliance. Many foreign regulators have a very successful track record of marrying high standards and driving competitiveness and it is good to see the same approach now being reflected in the UK. We look forward to continuing to engage with the government and regulators to deliver progress in this area and ensure the UK continues to be an attractive place to do business.”

Miles Celic Chief Executive Officer

Miles has held the role of Chief Executive Officer since September 2016. He is also a board member of UK Finance and the Financial Services Skills Commission. He sits on a number of government groups.

Miles began his career in broadcasting, making and presenting radio and television programmes for the BBC and others. He moved on to work in the UK Parliament, where he focused on foreign affairs and defence issues. Miles subsequently worked in a number of leading public policy consultancies.

In 2007, Miles joined HSBC’s policy function to lead political engagement. Miles moved to Prudential in 2009 as Director of Group Public Affairs & Policy and became Director of Group Strategic Communications in 2013. He was a member of Prudential’s Group Leadership Team.

Miles was awarded an OBE for services to financial and professional services in the King’s New Year Honours List 2025.

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