FSA

Retiring from regulation

Follows 2011 guidance

Knighthood for Webb

Previously held the role on secondment

Damning verdict on regulator

The Financial Conduct Authority (FCA) has appointed a new director of supervision to replace Tracey McDermott, who will step up to acting CEO in September.

Sir Hector Sants, former head of the Financial Services Authority (FSA), has been appointed new chairman of Julius Baer.

Tilney Bestinvest has strengthened its board with the appointment of former Financial Services Authority chief John Tiner and Betfair CEO Breon Corcoran as non-execs.

The Financial Conduct Authority's(FCA) income from fines it imposes on financial services companies is set to dip on last year's total, despite record penalties for Barclays and Deutsche Bank in recent months.