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FSA appoints next Chief Executive Officer

FSA appoints next Chief Executive Officer
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PEOPLE MOVES: Isle of Man FSA, Deutsche Bank WM, JTC

PEOPLE MOVES: Isle of Man FSA, Deutsche Bank WM, JTC
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People Moves: Hargreaves Lansdown, Credit Suisse, GAM, Suntera Global, Isle of Man FSA, Mourant

People Moves: Hargreaves Lansdown, Credit Suisse, GAM, Suntera Global, Isle of Man FSA, Mourant
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PEOPLE MOVES: SJP, Isle of Man Financial Services Authority, Gam

PEOPLE MOVES: SJP, Isle of Man Financial Services Authority, Gam
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FSA fines have been a deterrent

Printed and digital download photos available The Canadian boss of the island’s financial industry watchdog says taking enforcement action against companies is a deterrent. Chief executive Karen Badgerow said it was all part of the vital work done by the Financial Services Authority which she stresses is ’not an ivory tower’. Firms in the island’s finance sector were fined £87,000 and £90,000 earlier this year after FSA investigations into regulatory failings. commitment Mrs Badgerow said the ’critical’ point to make over this was the penalties imposed were ’proportionate to what the matters identified were. And I think to the credit of those who have been involved in our settlement process there had been a real commitment to fix it. That’s the right outcome’.

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