City's super-regulator renews drive to fill senior vacancies
Friday 16 January 1998
The FSA has so far filled 13 out of 17 directors' posts with exactly the same people who used to run the nine old regulators which it is replacing. Last year, firms said they feared the new regulator would be out of touch with commercial realities.
Howard Davies, the chairman of the FSA, has now contacted dozens of leading figures in financial services in an attempt to persuade them to fill "important gaps in crucial posts, which we are now looking outside to fill." These include a director of investment business, a director of finance and business planning, a director of consumer relations and a director of market exchanges.
But there is concern the regulator will have difficulty filling the posts with well-qualified people unless it can offer salaries approaching the generous rewards of the City. The FSA is still looking for candidates, despite appointing recruitment consultant Saxton Bampfylde and advertising in the press.
In a letter to potential applicants, Mr Davies wrote: "Needless to say, the packages we can offer are derisory by market standards, but the interest quotient of the jobs is very high!"
Until now, regulators have been paid comfortable six-figure salaries.
International Women's Day 2014: The shocking statistics that show why it is still so important
Malaysia Airlines: Officials pore over airport CCTV as passengers with stolen passports heighten terrorism concern
Singapore sting: Sky-high prices are pushing locals to the edge of affordability
International Women’s Day: 'When a man gives his opinion, he's a man. When a woman gives her opinion, she's a bitch' - feminist quotes from female icons to inspire you
Dead woman's body found sitting in a car after six years after direct debits ran $54,000 bank account dry
Britain's top vet sparks controversy with call for ban on slashing animals' throats in 'ritual' slaughters for halal and kosher meat products
Ukraine crisis: Russia dismisses '3am ultimatum' as 'total nonsense'
If you're horrified by a flame-roasted dog, you should be shocked at a hog roast
Poor 'live like animals' says Boris's privately educated sister after going on 'poverty safari'
White people become less racist just by moving to more diverse areas, study finds
Exclusive: Impact of immigrants on British workers ‘negligible’
- 1 International Women's Day 2014: The shocking statistics that show why it is still so important
- 2 Orgasm machine to deliver climax at the push of a button
- 3 Dear 'The Sun', breast cancer isn't sexy
- 4 Singapore sting: Sky-high prices are pushing locals to the edge of affordability
- 5 Liam Neeson turned down James Bond role because late wife Natasha Richardson said she wouldn't marry him if he took it
iJobs Money & Business
£12000 per annum: Inspiring Interns: The company works with Tier 1 FTSE 100 Ba...
£32000 - £36000 per annum + generous benefits: Pro-Recruitment Group: * TAX * ...
£37000 - £40000 per annum + £20000 benefits package: Pro-Recruitment Group: **...
£30000 - £35000 per annum + generous benefits: Pro-Recruitment Group: Mixed Ta...