It will be led by Martin Wheatley, the managing director of the Financial Services Authority.

BBC: Barclays

Martin Wheatley, the chief executive designate of the FCA, said the new regulator would have a "greater appetite to get things done".

BBC: Martin Wheatley

Gensler is in London to meet with global regulators including top UK regulator Martin Wheatley over Libor reform and interest rate benchmarks.

FORBES: Kill Libor, Markets Need A New Benchmark