Ex-FSA chief Kenmir takes regulatory role at PwC
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Kenmir: Significant change’
PricewaterhouseCoopers has appointed former FSA chief operating officer David Kenmir to its UK financial services regulatory practice.
Kenmir will take up the role with immediate effect, with responsibility for helping to develop the range and depth of PwC’s regulatory offering.
Kenmir was at the FSA since its inception in 1998, first as director of authorisation, then as director of investment firms and later as managing director of regulatory services.
In 2003, during the professional indemnity insurance crisis, he developed a regime that allowed advisers to hold capital to cover liabilities rather than more comprehensive professional indemnity cover. He left the FSA in April last year
Kenmir says: “Firms and the markets in which they operate are facing a period of significant change as governments and regulators continue to respond to the financial crisis.”
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