BusinessCompany NewsOfgem chief to succeed Davies at FSA

Ofgem chief to succeed Davies at FSA

Callum McCarthy, the current chief executive of energy industry regulator Ofgem, is set to assume control of the Financial Services Authority in October, according to reports.

Link: Treasury to advertise for FSA top job

A number of newspapers claim McCarthy has already been chosen as the city watchdog’s new chairman and will be officially appointed by Gordon Brown later this week.

If this is the case, he will succeed Sir Howard Davies who announced his decision to leave the FSA in December last year, and who will step down in October.

According to the FT McCarthy’s agenda will be led by efforts to sort out the mess surrounding the misselling of pension and endowment policies by the insurance industry, while the impact of Sarbanes-Oxley on UK companies is also believed to be a chief concern of his.

The appointment of McCarthy has yet to be confirmed by the Treasury.

Related Articles

M&S business rate liabilities based on £570m rateable value

Company News M&S business rate liabilities based on £570m rateable value

4m Emma Smith, Managing Editor
BDO replaces Deloitte as Mitie auditor

Audit BDO replaces Deloitte as Mitie auditor

8m Emma Smith, Managing Editor
CVR Global appoints partner in London office

Company News CVR Global appoints partner in London office

1y Alia Shoaib, Reporter
FTSE100 failing to provide adequate ethics information

Company News FTSE100 failing to provide adequate ethics information

1y Alia Shoaib, Reporter
Moore Stephens recruits new private client partner

Accounting Firms Moore Stephens recruits new private client partner

1y Emma Smith, Managing Editor
Magma Group announces merger, partner promotions

Accounting Firms Magma Group announces merger, partner promotions

1y Emma Smith, Managing Editor
BDO on ‘recruitment spree’ with multiple partner appointments

Accounting Firms BDO on ‘recruitment spree’ with multiple partner appointments

1y Emma Smith, Managing Editor
Brand strength leads to fee income growth for RSM

Accounting Firms Brand strength leads to fee income growth for RSM

1y Emma Smith, Managing Editor