Partners anticipate changes in the approach to regulatory action at the Financial Conduct Authority (FCA) after it announced that it had hired two senior lawyers from Herbert Smith Freehill’s (HSF) and Latham & Watkins alongside a partner from Slaughter and May this week.

On Tuesday the FCA announced it had appointed HSF London litigation head Tim Parkes (pictured) and Latham & Watkin’s former vice chair of global litigation John Hull to step into the top positions on its regulatory decisions committee (RDC).