Alistair Darling is expected to appoint Adair Turner, former Downing Street
adviser and chairman of the government’s committee on climate change, to head
the Financial Services
Authority (FSA) within the next week or two in an effort to restore its
reputation as UK’s regulator.
Whitehall has selected Lord Turner, a one-time CBI director general, to
succeed Sir Callum McCarthy, who is leaving in his £434,000-a-year job in
September, according to the Guardian.
Turner is understood to be eager for the job, seen as pivotal in restoring
trust in the City after the first run on a major bank in more than a century and
losses suffered by financial institutions from speculating in US sub-prime
But some officials are arguing he would have to accept a lesser role in the
fight against global warming if he wants to take up the FSA job.
Plans to tackle criminals defrauding London’s councils have taken a major step forward with the appointment of CIPFA to provide data analytics for the London Counter Fraud Hu
Government services will be decimated if proposed reforms to IR35 in the public sector go ahead, a study has warned
CIPFA and EY form partnership to produce fully compliant accounts for local authorities
Head of editorial Kevin Reed discusses this week's important accountancy news, including Brexit and audit market evolution