FSA legal adviser and trouble-shooter Harvey Knight has left the regulator to head up the financial services arm of law firm Bevan Brittan LLP.
Knight advised the FSA in its dealings with the recent Parliamentary Ombudsman inquires into who was responsible for the collapse of Equitable Life and dealt with litigation, judicial reviews, complaints and Freedom of Information requests affecting the regulator.
He was also the leading advocate of the FSA’s prospective refusals of authorisation and approval applications before its Regulatory Decisions Committee.
Knight joined the FSA from Lovells in 2001 as part of the legislation team that implemented the Financial Services and Markets Act 2000.
Knight says: “This is an exciting time to return to private practice. The FSA’s move towards more principles-based regulation, and in particular its ‘Treating Customers Fairly’ initiative, has greatly increased the scope for differing interpretations as to what constitutes good practice. I see my role as ensuring firms are treated fairly and consistently.”
Bevan Brittan partner Ben Daniels says: “This is the firm’s first appointment of a financial services regulatory specialist. We already have a significant client base in financial services and Harvey’s skills and knowledge will be invaluable in helping us enhance and develop our practice in this area of strategic importance to the firm.”