Lord McFall appointed Public Interest Member
The peer who led the parliamentary probe into banks and regulators, joins ICAS Council.
The Right Hon John McFall, Lord McFall of Alcluith, has been appointed as a Public Interest Member on the Council of ICAS.
Lord McFall will join other Council members in upholding the integrity, standing and standards of the chartered accountancy profession.
He has a long and distinguished career in political life and a considerable track record acting in the public interest.
Lord McFall was made a peer in 2010, following 23 years as a Member of Parliament for Dumbarton and then West Dunbartonshire.
Lord McFall is a member of the House of Lords Economic Affairs Committee and a strong voice on issues including the future of the UK economy, investment in jobs and growth, banking and pensions.
He has also chaired the Workplace Retirement Income Commission, which recently called for a better pensions deal for public sector workers and was a member of the Parliamentary Commission on Banking Standards.
As an MP, Lord McFall chaired the influential House of Commons Treasury Committee, which held the bankers and regulators to account during the Global Financial Crisis. The committee tackled many other major and emerging issues under Lord McFall's chairmanship, including globalisation, the economics of climate change and the private equity industry.
'Expertise and professionalism'
Lord McFall said, "I am delighted to be appointed to Council as a Public Interest Member.
"ICAS has a long and distinguished history in developing the expertise and professionalism of young accountants, who have gone on to excel both nationally and globally.
"As chairman of the House of Commons Treasury Committee and subsequently as a member of the independent Parliamentary Commission on Banking Standards, I have been intimately involved in the drive for enhanced professionalism and a deeper recognition of the interests of wider society
"I look forward to developing these themes, amongst others, in my new role on ICAS."
ICAS Chief Executive, Anton Colella, said, "ICAS was established under Royal Charter to act in the public interest and Lord McFall's appointment strengthens our work on behalf of the public and our membership.
"Lord McFall is a man of the utmost integrity and is held in the highest regard for his many years of service to politics and public life, where he has put the interests of ordinary people first. We look forward to the valuable contribution he will make to the work of ICAS in the UK and globally."