FSA enforcement chief Cole promoted to board

Cole joins the 15-member board as managing director for enforcement and financial crime. Managing a division of 450 people, she has responsibility for enforcement policy, intelligence gathering, forensic investigations, and civil and criminal proceedings in areas that include market abuse and financial crime. She has led the FSA's drive to deliver its credible deterrence strategy, which last year saw three criminal convictions for insider dealing, 102 fines and prohibitions, with fines levied totalling £33.6m. FSA chairman Adair Turner says: "Margaret brings a wealth of regulatory,...