JFSC enforcement head retires

Monday 29 June 2020

The JFSC has announced the retirement of its Director of Enforcement for the last 13 years, Barry Faudemer.

The regulator said that Mr Faudemer had made a significant contribution to the development of the organisation, enhancing compliance with the regulatory standards.

Kerry Petulla, Head of Enforcement, will be taking on additional responsibilities and will assume the role of Acting Director of Enforcement.

Mr Faudemer commented:

“I count myself as very lucky to have worked with such a professional and dedicated workforce at the JFSC. It has been a pleasure and an honour to have served as the Director of Enforcement and despite the work being challenging, the sheer professionalism of JFSC staff certainly made the role so much easier. The JFSC and enforcement division is respected internationally and that position has only been achieved by the hard work and dedication of all the workforce.

"I would like to thank everyone for the support you have given me over such a long period of time, often approaching daunting situations with good humour, determination and utter professionalism. The vast bulk of the enforcement work undertaken understandably goes untold but I have derived a great deal of pride and comfort from the fact that we have protected some of the most vulnerable members of our community and brought unscrupulous individuals to book."

Martin Moloney, Director General commented:

“Barry has been a hugely admired and liked colleague who has been a vital leader in building up the Enforcement capabilities of the JFSC and in integrating the use of our enforcement powers into our overall regulatory approach. He will be much missed by all his friends and co-workers in the JFSC. We wish him well.”