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Callum McCarthy
Who moved where in another busy week in financial services...
Sir Callum McCarthy, the former chairman of the FSA, is preparing to launch a new type of mortgage business he claims could kickstart the UK housing market.
Former FSA chairman Sir Callum McCarthy has joined US private equity group JC Flowers as European chairman.
Other Callum McCarthy articles
Former FSA chairman Sir Callum McCarthy has joined US private equity group JC Flowers as European chairman.
Callum McCarthy says the FSA has been carrying out its supervision work with ‘greater intensity’ since last August as it seeks to implement the lessons learnt from the Northern Rock crisis.
FSA chairman Sir Callum McCarthy, who is due to leave the regulator in September, has been appointed as a non-executive board member of the Treasury.
The Treasury is currently recruiting a replacement for Sir Callum McCarthy, current chairman of the FSA.
The FSA has for the first time spoken of the severity of the problems facing the UK financial services industry, its chairman last night declaring “these are not easy times”.
Consumers must take some responsibility when they make financial decisions to prevent the retail financial market’s effectiveness being destroyed, according to Callum McCarthy, chairman of the Financial Services Authority.
The Financial Services Authority (FSA) has announced the appointment of Adam Phillips as the vice chairman of the Financial Services Consumer Panel from 1 November.
Regulation is required but only where it does not impose an “unnecessary burden” to retail financial services, Callum McCarthy, chairman of the FSA, said last night.
The Financial Services Authority is struggling to implement policy in the face of increasingly hostile use of Financial Services and Markets Tribunal appeals and ignorant consumers, according to Callum McCarthy, chairman of the FSA.
The Financial Services Authority is arguing a rising number of appeals against fines it levies on firms and individuals breaking City rules is slowing down the disciplinary process, reports the Guardian .
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