FSA unveils new chairman

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Lord Adair Turner has been officially appointed as chairman of the Financial Services Authority for a period of five years.

Lord Turner will take up his appointment in September when Sir Callum McCarthy steps down. Announcing the appointment, Chancellor Alistair Darling said Lord Turner's "wide-ranging expertise" would 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 crime". The Chancellor also thanked Sir Callum McCarthy for his "dedication and contribution" during his tenure. Darling said: "Sir Callum has provided the FSA with leadership during this period, particularly during...

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