Richard Metcalfe

Head of Regulatory Affairs

Richard Metcalfe is a senior executive, specialising in financial services and regulation. Specifically, Mr Metcalfe is Head of Regulatory Affairs for the World Federation of Exchanges – the only global trade association for CCPs and stock and derivatives exchanges.


Before joining the WFE in 2018, he worked on a range of live regulatory issues at BNY Mellon in London, covering global capital markets generally and their intersection with custody in particular. He has also worked at ISDA, the UK’s Investment Association and SWIFT, and has deep expertise on practical and policy matters internationally, in central clearing, market structure, asset management, derivatives and crypto assets, among other things.


At the WFE, leading a dedicated team of specialists, Mr Metcalfe drives policy and outreach on a diverse range of topics, with particular emphasis on the unique role that ‘market infrastructure’ plays in the financial system: creating positive externalities and supporting stability while maintaining an impartial role relative to market participants. The WFE’s work aims to address legitimate regulatory concerns in a way that furthers social welfare.


Mr Metcalfe is based in the UK but has lived as well as travelled overseas and he studied Russian and Spanish at Oxford University. He has also worked as a journalist, covering the emergence and growth of derivatives and the measurement and management of all types of risk. He is a married, horse-riding ornithologist who enjoys cooking.


8 March: 14:00 – 14:50

Breakout Session 4
The Progress and Challenges of the Capital Markets Union