New FSA chair Turner to first face Treasury 'interview'

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...