The Financial Services Authority is to overhaul its internal organisation
later this year to take into account the growing responsibility of the body –
including international regulatory engagement and consumer financial education.
Jon Pain, managing director of the FSA, will head up retail and wholesale
supervision; Sally Dewar, the former MD of wholesale, will assume responsibility
for risk management and identification while Margaret Cole, currently head of
enforcement will manage the merged financial crime and enforcement office
Financial Times reported.
Hector Sants, chief executive FSA, said: ‘The actions we have taken since the
crisis began have shown the effectiveness of this model. This reorganisation
will ensure our changing working practices and the way we make our judgements
are successfully institutionalised.’
"The whole idea of HMRC officials supplying confidential information about individuals to the media on a non-attributable basis is, or should be, a matter of serious concern," say Supreme Court judges
UK-based non-doms have paid ten times more tax than the average taxpayer, raising concerns over the Brexit impact on non-dom contributions and therefore, the economy
A senior MP has questioned the impact of HMRC’s decision to undertake yet another radical overhaul of its internal structure
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