Lord Actonasked Her Majesty's Government:
Whether they expect to announce a change in the chairmanship of the FSA. [HL3296]
§ Lord McIntosh of HaringeyThe Government are pleased to say that Sir Howard Davies has today agreed to an extension to his appointment as chairman and director of the FSA until 31 January 2004. At a time when the FSA has only just taken on its full regulatory powers and is establishing itself as a fully independent single regulator, it is invaluable to have Sir Howard remaining in post, with his breadth of experience.