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FSA appoints two senior advisors

The FSA has appointed two senior advisors to advise the regulator on the investment banking sector and on risk management respectively.

Simon Prior-Palmer will advise on the investment banking sector, drawing on over 30 years experience in investment banking at Credit Suisse and JP Morgan. He led investment banking in the UK at Credit Suisse from 1988 to 1998.

Robert Stansbury has been appointed to advise on risk management. He has been advising financial services firms’ boards on governance of risk since 1993. Previously he was a director at Hill Samuel with responsibilities including derivatives, risk management, research and strategy.

FSA chief executive Hector Sants says: “I am delighted to announce the appointment of Simon and Robert as senior advisors to the FSA. They both have considerable experience to bring to bear on the regulatory changes and issues that we face in our work.

“Senior advisors are a core part of the FSA’s delivery of intensive supervision. The team provides experience on regulatory, market and consumer matters.”

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  1. It’s ironic that one of these guys has worked at two banks which have been subject to FSA enforcement with one of them, JP Morgan, having been levied the biggest fine (£33M) in FSA history. And, what is he advising the FSA on? Risk management! What a joke. I’d laugh if it wasn’t my tax money paying for this!

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