FSA makes board appointment

by Gill Montia

Story link: FSA makes board appointment

Margaret Cole has been appointed to the Financial Services Authority (FSA) Board, as managing director of enforcement and financial crime.

The announcement has been made by HM Treasury and takes effect from 7th September 2010.

Ms Cole joined the FSA in 2005 following 20 years in private practice, specialising in commercial litigation.

Managing a division of 450 people, she has responsibility for enforcement policy, intelligence gathering, forensic investigations, and civil and criminal proceedings in areas that include market abuse and financial crime.

Last year, her department saw for three criminal convictions for insider dealing and 102 fines and prohibitions, with fines totalling £33.6 million.

Commenting on Ms Cole’s appointment FSA chairman, Adair Turner, said: “Her credentials ensure that we further strengthen the breadth of knowledge, experience, insight and quality of judgement the Board provides.”