Ex-HBOS chief in running for FSA job
Sir James Crosby may replace John Tiner
Bookmakers are betting heavily on
Crosby, former chief executive of HBOS, as the next head of the
Financial Services Authority.
City bookmarkers Cantor Index
yesterday had Crosby at odds of 9/2 making him the highest ranked candidate that
is not already an employee of the FSA.
A committee, led by
McCarthy, the FSA chairman, is being set up this week to find a replacement.
The three people ahead of him in the running are all FSA managing directors
with Clive Briault, MD, of retail markets, at 7/4 the favourite, second is
Hector Sants, MD, wholesale and institutional markets, at 2/1 and in third place
is David Kenmir, MD, regulatory services at 4/1.