Former PwC partner takes FSA role
PricewaterhouseCoopers' former chief economist, Rosemary Radcliffe, was today appointed as the Financial Services Authority's independent complaints commissioner.
Radcliffe, who was a high-profile partner at PwC from 1982 to July 2001, will be responsible for investigating complaints against the FSA and heading up the framework which the FSA is putting into place to comply with the Financial Services and Markets Act.
Her remit will include the power to investigate allegations of mistakes, delays, staff behaviour and bias.
‘I see my role as crucial in underwriting the FSA’s accountability, as regulator, to the financial services industry and to the wider public. It is vital for regulators to know that their action may be exposed to independent scrutiny,’ she said in a press statement.
Radcliffe has served on the steering group for the Company Law Review and was awarded a CBE last year.