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Filkin is joining FSA on disciplinary committee

Former Parliamentary standards commissioner Elizabeth Filkin is joining the FSA&#39s regulatory decisions committee, which decides whether to discipline firms for falling foul of the rules.

She will be one of 40 members on the committee, which gets the results of investigations conducted by the FSA into companies and decides whether to proceed with disciplinary action. Filkin resigned as Standards Commissioner in December, claiming she had been undermined in her role by senior Cabinet ministers and the Speaker of the House of Commons.

During her three-year ten-ure, Filkin received significant publicity for her investigation into claims of sleaze against former minister Keith Vaz but was publicly rebuked by the Prime Minister after claiming she was forced out by the Government.

Filkin also sits as a commissioner on the audit commission. Her only past financial services experience was as a non-executive director with Britannia Building Society from 1992 until 1998.

She says: “I have been chosen, I suppose, because of my track record as an investigator. The committee does not actually conduct investigations, it decides whether to notify companies who have been found guilty of falling foul of the rules.”

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