BusinessCompany NewsEx-HBOS chief in running for FSA job

Ex-HBOS chief in running for FSA job

Sir James Crosby may replace John Tiner

Bookmakers are betting heavily on
Sir James
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
Callum
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.

Further reading:

Tiner to quit FSA for private sector

Industry body calls for ‘clear-out’ at FSA

ING bank faces FSA fine over controls

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