- Callum McCarthy
Sir Callum McCarthy (born 29 Feb 1944) is the Chairman of the
Financial Services Authority. He is married with three children. He attended Manchester Grammar Schooland is a graduate of the University of Oxford. He also has a PhD in economics from Stirling University and an MS from the Graduate School of Business at Stanford University, where he was a Sloan Fellow. [ [http://www.fsa.gov.uk/pages/about/who/board/mccarthy.shtml Sir Callum McCarthy] ]
McCarthy has held various high profile private sector and government regulatory positions. [ [http://news.bbc.co.uk/1/hi/business/7023531.stm Profile: Callum McCarthy and the FSA] ]
*1965 - On graduating in 1965 economics researcher at chemical corporation ICI for seven years,
*1972-85 - several posts at the
Department for Trade and Industryincluding Principal Private Secretary to Roy Hattersleywhen he was Secretary of State for Prices and Consumer protection and to Norman Tebbitwhen he was Secretary of State for Trade and Industry.
*1985 - Director of Corporate Finance at investment bank
*1989 - Managing Director and Deputy Head of Corporate Finance of
Barclays' investment banking arm, BZW. McCarthy later become Chief Executive Officer of Barclays Bankgroup operations in Japan before moving to head the Bank's businesses in North America.
*September 1998 – Appointed by
Peter Mandelsonto become Director-General of the gas regulator Ofgas. [ [http://www.ginfo.pl/more/247354,MANDELSON,APPOINTS,FIRST,ENERGY,REGULATOR,FOR,GREAT,BRITAIN.html MANDELSON APPOINTS FIRST ENERGY REGULATOR FOR GREAT BRITAIN] ]
*1999 - Chief Executive of new energy super-regulator
*2000 – Executive Chairman at Ofgem, where he oversaw the introduction of greater competition into the gas and electricity markets.
*September 2003 - Chairman of the
Financial Services Authority(FSA)
"There is increasing evidence that organised criminal groups are placing their own people in financial services firms...They can increase their knowledge of firms' systems and controls and thus learn how to circumvent them to commit their frauds" - McCarthy at FSA Financial Crime Conference in 2005. [ [http://www.fsa.gov.uk/pages/Library/Communication/Speeches/2005/1115_cm.shtml FSA Financial Crime Conference] ] cite news | first= | last= | coauthors= | title=Watchdog warns of criminal gangs inside banks | date= | publisher= | url =http://money.guardian.co.uk/news_/story/0,1456,1643860,00.html | work =
The Guardian| pages = | accessdate = 2007-11-30 | language = ]
*He is a keen
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