City sources are punting for Tiner to take on the new role. Previously both the chairman and CEO roles were held by Sir Howard Davies, who steps down at the end of September.
Following the Higgs report, which recommended that companies separate out the two roles to improve corporate governance, the FSA has adopted this as best practice.
Tiner heads the consumer, investment and insurance directorate at the FSA and was a former managing partner at defunct firm’s Andersen’s financial services division.
The two other candidates are Carol Sergeant, managing director of regulatory processes and risk and Michael Foot, who is in charge of the deposit takers and markets directorate.
McCarthy was appointed by Gordon Brown yesterday, and the chief executive appointment is expected to be named shortly.
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements