Yorkshire Building Society chief executive Iain Cornish has been appointed chairman of the 12-member Financial Services Practitioner Panel (FSPP).
Cornish, who began his role on 1 December, takes the place of Nick Prettejohn, who stands down having completed his two year term.
He has been CEO of Yorkshire Building Society since July 2003 and has been a member of the FSPP since March 2007. He is also a past chairman of the Building Societies Associatio.
"The FSA is currently under more pressure than ever," Cornish says. "Everyone has an interest in the effective and proportionate regulation of financial services.
"I want to ensure that the practitioner panel helps the FSA to get the balance right, and that it provides a constructive industry voice on the issues which are at the heart of FSA policy making."
Adair Turner, FSA chairman, adds: "The FSPP provides the FSA with a senior industry sounding board which is extremely valuable in ensuring we take firms' interests into account.
"I thank Nick Prettejohn for all his advice during his chairmanship, and look forward to working with Iain in the future."
Consider risk capacity
Via The Exchange
To continue under same brands
First phase of digital investment