Margaret Cole to leave FSA

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Margaret Cole is to step down from her role as managing director at the Financial Services Authority (FSA) ahead of its restructure.

Cole, also a board member, will leave after nearly seven years at the regulator. She will remain in her position until the end of March, prior to the creation of a twin peaks regime within the FSA, before going on gardening leave until 31 August 2012. However, she will still represent the FSA during the intervening period on issues not related to individual regulated firms or ongoing investigations. Cole said: "I joined the FSA to help in the fight against wrongdoing within the financial services industry and I believe a lot has been achieved in my time here. "We have shown the ...

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