The announcement of FSA chairman Howard Davies' early departure from the regulator is good news for him personally, and good news for the regulator according to the Liberal Democrats.
Lib Dem trade and industry spokesman Vincent Cable says the FSA needs fresh blood in the top job to take over from Davies.
Cable says: “It is a good move from his point of view and from the point of view of the FSA. Many of the issues have been overly personalised and it is about time he goes. The FSA needs a fresh person in preferably from the outside.”