The UK’s Financial Services Authority announced today that it will soon implement a new operational structure “designed to better align its internal operating model to its core activities of identifying and mitigating risk, supervision and enforcement.” FSA stated that the changes will take effect on October 1, 2009, and will incorporate “the lessons learned from the banking crisis, the Northern Rock internal review and the priorities outlined in the Turner Review.”
Among other things, the new structure creates a new International division, under director Verena Ross; and integrates Enforcement and Financial Crime to form one division under director Margaret Cole.
