Dan Waters to leave the FSA
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FSA director of conduct risk and asset management sector leader Dan Waters has decided to leave the regulator.
In an internal message to staff, FSA chief executive Hector Sants said: “It is with regret that I have to inform you that Dan Waters has decided to leave the FSA.
“Dan has determined that making the necessary long-term commitment to the complex set-up and operation of the new regulatory regime would not be the appropriate choice at this stage of his career.
“He is considering other opportunities that will allow flexibility to pursue his interests here in the UK while allowing him time to meet family obligations in the US.”
Sants added: “I wish Dan every success in the future and thank him for all he has done for the FSA.”
Waters will leave the FSA in December. He will be replaced by Christina Sinclair as director of conduct risk on an interim basis.
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Readers' comments (18)
Back to North America | 23 Nov 2010 4:04 pm
One down 3500 plus to go and not a tear to be shed by the IFA community that may still face distruction in part due to the pro banking views of such a man!
Question is we lose 10,000 IFA can we have a pro rata reduction is FSA staff after all they will have less work to do ...won't they?
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John Shmerrill- Glompton | 23 Nov 2010 4:17 pm
so sorry your leaving
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john | 23 Nov 2010 4:21 pm
bottle has crashed methinks
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Cost conscious | 23 Nov 2010 4:23 pm
One less then. How many FSA staff are employed to regulate IFA's and at what cost. Any idea anyone?
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Anonymous | 23 Nov 2010 4:23 pm
Mr Waters obviously knows what a disaster RDR will be and is jumping ship now to avoid the backlash later.
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Anonymous | 23 Nov 2010 4:24 pm
No doubt the leaving bash will cost us.
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Anonymous | 23 Nov 2010 4:32 pm
“Dan has determined that making the necessary long-term commitment to the complex set-up and operation of the new regulatory regime would not be the appropriate choice at this stage of his career.
Very much like a good number of the IFA community, only difference being, they will not receive a big fat golden handshake to buffet them over the waves.
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Adam Smith | 23 Nov 2010 4:39 pm
Being, I suspect, the only poster who knows Dan I will wish him all the best for the future. I would trust him more than all the previous posters here put together.
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Julian Stevens | 23 Nov 2010 4:46 pm
I'd noticed that for quite some time we've not heard much either from or of Disparate Dan, though it's odd that one of the reasons he's jumping ship is a reluctance to make "the necessary long-term commitment to the complex set-up and operation of the new regulatory regime."
That aside, one cannot help but shudder at the prospect of a new regulatory regime that's going to be even more complex than what we already have. Surely to God, we need a SIMPLER regulatory regime, just like we need a simpler pensions regime, a simpler tax regime, a simpler State benefits regime, a simpler system for ejecting illegal immigrants and so on. Why ever does regulation need to be more complex than it already is? More jobs for the boys, I guess, and easier to justify their overpaid existences ~ all, of course, at everyone else's expense, mainly that of us out here. Whatever happened to the Conservatives proposed Bonfire of the Quangos? Ah, that was just a manifesto "aspiration". And so it goes ~ mostly to the dogs.
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Tom IFA | 23 Nov 2010 4:47 pm
I am sure I write with support from the greater majority of IFAs in wishing good old Dan a future in a business that makes him as miserable as he has made so many of us.
My only regret is that he isn't taking another 20% of his colleagues with him.
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