Financial Services Authority
John Tiner has been appointed chief executive of the Financial Services Authority (FSA). He will take up the post on 22 September 2003. Tiner was previously appointed managing director, consumer, investment and insurance directorate at the FSA in April 2001. He has also had responsibility for consumer interests and for developing the regulatory regime for mortgage and general insurance business. Tiner joined the FSA from Arthur Andersen, where he was head of its worldwide Financial Services Industry practice in 1997. He led the Bank of England review of UK banking supervision in 1996 and worked on significant financial services assignments in Japan, the US, Germany, Norway and the Czech Republic.
The chairman of the General Insurance Standards Council (GISC), Anthony Howland Jackson, has announced the appointment of Stephen Godbold, a director of GHBC insurance brokers, to the GISC board. Announcing what is the second new board appointment this year, Howland Jackson said: ‘It has always been considered appropriate that the majority of the GISC’s board should be insurance practitioners. I believe the experience of industry professionals is essential when directing the operations of any regulatory body, and this is of continued importance as GISC maintains its regulatory functions until January 2005.’