Goldman Sachs Group Inc.’s U.K. arm hired a French-speaking markets regulator from Britain’s Financial Services Authority, as rule-setting powers move from London to Paris and Brussels.
Sally Dewar , managing director of risk at the U.K. Financial Services Authority , will leave the regulator in May 2011, becoming the second senior official this year to disclose plans to depart.
High-frequency trading will be investigated by regulators to “better understand any risks,” Europe’s top market watchdog said in a report on proposed industry rules.
The director of authorizations at the U.K. Financial Services Authority resigned last week, becoming at least the fifth top official to leave since the government said it would abolish the regulator.
The head of the U.K. Financial Services Authority’s financial stability division was hired by accounting firm Deloitte & Touche LLP.
"Keeping the disclosure requirements will continue to enhance transparency and limit the potential for market abuse while details of a long-term regime for short-selling are being drawn up."
- Sally Dewar on Jun 01, 2009