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FSA gets tough on key roles

Insurance Regulation & Accounting

FSA gets tough on key roles

The regulator wants more involvement in the selection of candidates

Financial services firms have been told to involve the regulator in drafting short-lists of candidates for key senior roles. The Financial Services Authority (FSA) said it wants the option to interview all candidates on the short-list, rather than just the preferred candidate selected by the company as part of its new, more proactive approach to supervision.

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