New FSA chairman Lord Adair Turner will first have to face a Treasury Select Committee hearing before he can officially take up the post.
Turner, who is set to replace Sir Callum McCarthy in September for a period of five years, will be the first FSA chief to have to face a Committee grilling. The ‘interview’ has been set up in order to increase the Parliamentary scrutiny of public appointments for certain key positions. Chancellor Alistair Darling says: “I am delighted to appoint Adair Turner as chairman of the FSA. “His wide-ranging expertise will be invaluable in driving forward the FSA's objectives to maintain confidence in the financial system, promote public understanding of it, protect consumers and reduce financial...
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