FSA retail chief Briault to leave regulator

In a note to FSA staff, chief executive Hector Sants said Briault will leave “by mutual agreement”. Briault had headed the FSA team tasked with overseeing Northern Rock before the Newcastle-based lender's collapse last year. Briault took on the role in April 2004 after joining the FSA at its inception in 1998 as director of central policy. He became director of the prudential standards division in 2001. Before joining the regulator he spent 18 years at the Bank of England. David Kenmir, managing director of regulatory services, immediately becomes acting managing director of the retail ...