Davies set to quit FSA for academic post
The City's chief financial watchdog, Sir Howard Davies, is set to announce his shock resignation from the Financial Services Authority tonight.
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.