Tiner to step down as FSA head

John Tiner, chief executive officer of the FSA, is to step down in July after six years with the org...

John Tiner, chief executive officer of the FSA, is to step down in July after six years with the organisation. Tiner said he would like to take on another job in the private sector, adding that the time is right to leave with the FSA on the road to more principles-based regulation. Callum McCarthy, chairman of the FSA, said Tiner had been a leader in developing international regulation through his work in Europe. Tiner, 49, joined the FSA in April 2001 as managing director of the consumer, investment and insurance directorate. He was appointed chief executive in 2003. Previously, he...