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.
Fracking is turning the US into a bigger oil producer than Saudi Arabia
Missing Malaysia Airlines plane: Details emerge of two young Iranians using stolen passports in search for a better life
Three-quarters of Britons are saying it wrong - the top ten most common mispronunciations
Oscar Pistorius trial: Forensic analyst says athlete 'was not wearing prosthetic legs' when he smashed locked toilet door with a bat
Missing Malaysia Airlines flight MH370: ‘Alright, good night’ – last words from cockpit revealed amid growing confusion
Britain's top vet sparks controversy with call for ban on slashing animals' throats in 'ritual' slaughters for halal and kosher meat products
Exclusive: Impact of immigrants on British workers ‘negligible’
Katie Hopkins continues campaign to become Britain's most hated talking head with poorly timed Bob Crow tweet
No EU referendum under Labour: Ed Miliband to reveal that vote on membership is ‘unlikely’ in next Parliament if party wins power
Grace Dent: Who cares if she spells it Barraco Barner? Gemma Worrall is more employable than some bookish arts graduate
Ukraine crisis: Russia pledges to 'retaliate against sanctions' as Ukrainian president says Crimea vote will not be recognised
- 1 Hells of residence: Inside Macedonia's horrifying student accommodation - where the walls are green and the food is black
- 2 First Kiss video: Filmmaker gets 20 strangers to make out on YouTube with awkward results
- 3 Grace Dent: Who cares if she spells it Barraco Barner? Gemma Worrall is more employable than some bookish arts graduate
- 4 Rampaging elephant smashes up house but then 'saves crying baby trapped under debris'
- 5 Ian Wright breaks down in ITV documentary charting his rise to Arsenal and England striker
iJobs Money & Business
£45000 - £55000 per annum + Bonus and Benefits: Harrington Starr: One of the i...
£57000 - £77000 per annum + Benefits: Pro-Recruitment Group: Top 10 Specialist...
£350 - £450 per day: Harrington Starr: Harrington Starr are currently working ...
£40000 - £60000 per annum: Harrington Starr: Application Support - FIX protoco...