Sir Howard, the executive chairman of the Financial Services Authority, will be leaving the FSA to become head of the London School Economics, according to a report by the Evening Standard.
A report on Bloomberg said Davies ‘may’ be departing the regulator.
An FSA spokesperson refused to comment on ‘rumours’ saying that as far they were concerned Sir Howard’s contract would continue until 2004.
Bloomberg names John Tiner and Carol Sergeant, FSA managing directors, as being possible successors.
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements