The UK's Financial Services Authority (FSA) announced late last week that David Lipsey is taking over as Chairman of the Financial Services Consumer Panel.
Lord Lipsey is an active member of the House of Lords, who has a background in journalism, financial services and regulation. He takes over from John Howard, who chaired the Panel from October 2005 to March 2008.
FSA Chairman Callum McCarthy commented:
“I am very pleased that David Lipsey has agreed to become Chairman of the Consumer Panel. He brings a wealth of experience in regulation, financial services and communications and will no doubt provide challenging ideas on behalf of consumers to the development of policy at the FSA."
"We look forward to David building on the work carried out under the previous Chairman John Howard, who has ensured that the Panel has continued to provide a strong independent consumer voice to the FSA.”
Lord Lipsey added:
"I am delighted to be taking on this role at a crucial time for the financial services industry. I hope to raise the profile of the panel a notch or two so it can be even more effective in future in advancing the consumer interest."
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