HISTORIC PRESS RELEASE : Appointments to the Board of the Financial Services Authority [May 1998]

The press release issued by HM Treasury on 21 May 1998.

The Treasury is seeking applicants for a number of non-executive Board members for the Financial Services Authority. Advertisements will appear in the national, regional and trade press in the next week.

Chief Secretary to the Treasury Alastair Darling said:

“These are important appointments to a new and trailblazing organisation. Successful candidates will play a major role in the development of the Financial Services Authority and of the regulatory system. We are looking for applicants with flair and a keenness to design a regulatory system to further enhance Britain’s reputation as the foremost financial centre in the world expertise. Appointments will be made in accordance with Nolan Committee procedures.”