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.
Thomas Huertas, the head of the U.K. Financial Services Authority’s international division, is set to leave the watchdog for accounting firm Ernst & Young.
Sally Dewar , 42, formerly the head of risk at the U.K.’s Financial Services Authority, will join JPMorgan Chase & Co. ’s London office in June as a managing director, the Financial Times reported.
Dan Waters , the U.K. Financial Services Authority’s director of conduct risk, became the fourth senior official to step down in five months as the government prepares to break up the regulator.
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.
"Capital raising is vital for firms and the greater efficiency created by these proposed changes should work to reduce the cost of raising capital and help preserve the integrity of the market, which would benefit firms and their shareholders."
- Sally Dewar on Nov 24, 2008