Former FSA chairman Sir Howard Davies is set to be appointed as the next chairman of Royal Bank of Scotland, according to reports.
The Financial Times reports Davies is expected to take up the role over the summer, replacing the outgoing Sir Philip Hampton.
An announcement is expected as early as this week, when RBS reports its full-year results.
Davies was chairman of the FSA between 1997 and 2003, and is currently chairman of Phoenix Group, a role he has held since 2012.
He is also chair of the Airports Commission, charged with submitting a report to the Government on boosting airport capacity.
Davies sits on the board of Morgan Stanley and Prudential, and chairs the risk committee for both firms.
RBS declined to comment.