HISTORIC PRESS RELEASE : Appointments to the board of the Financial Services Authority (FSA) [December 1997]

The press release issued by HM Treasury on 11 December 1997.

The Chief Secretary today announced that the Treasury and the Governor of the Bank of England are making four appointments to the Board of the Financial Services Authority.  Ms Deidre Hutton, Mr Christopher Rodrigues, Mr Robert Smith, Mr Stephen Thieke are appointed Directors.   All four are appointed for a three year term.

Mr Brian Williamson, CBE, has been reappointed for a further year from 3 November.

The Chief Secretary said today:

“I am very pleased to make the announcement of these appointments to the Board of the FSA.   The Authority has a major task ahead of it to implement our reform of financial services regulation.   I am grateful to the Board for taking on that responsibility.”

These appointments are made under the Financial Services Act 1986 but reflect the Government’s wish to see a broadly-based Board to provide effective leadership and guidance as the FSA takes on wider responsibilities.   All members serve in a personal capacity but bring particular experience to the Board’s deliberations, in particular consumer  interests, building societies, investment banking and international matters.