Results tagged “fsa”

FSA boss Sants switches sides

By Giles Broadbent on December 12, 2012 3:18 PM |

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Former FSA watchdog Hector Sants is to become head of compliance at Barclays, liaising with regulators and monitoring trading.

The move comes after the Wharf-based bank was caught up in a major scandal over the manipulation of Libor, the interbank lending rate.

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Unscrupulous bankers will face criminal prosecution under reforms unveiled by Financial Services Authority following the Libor scandal.

FSA managing director Martin Wheatley proposed a 10-point plant to overhaul the interbank rate and prevent the kind of manipulation that took place at Barclays, ultimately costing chief executive Bob Diamond his job and the bank £290million in fines.

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When Claire Harvey leads Team GB on to the volleyball court at the Paralympics next month it will represent a huge transition.

Because just four years ago the keen sportswoman was knocked off her bike, paralysing her right leg, and changing her life forever.

DD-feb24-athlete142.jpgBacking from an actuary, albeit a trainee, should give you some confidence that your band are in with a chance making a career.

Keyboard player Tim Wanstall certainly showed faith in Athlete when he swapped the security of pension predictions at the FSA in Canary Wharf for the risky business of life on the road.

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There was some bad news recently for those in Canary Wharf looking forward to juicy bonuses when the Financial Services Authority released plans for its remuneration code.

The regulator's proposals, subject to a consultation period, are due to be implemented in January.

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