UK FSA names new head

Sants, the FSA’s managing director of wholesale and institutional markets since 2004, will succeed John Tiner on July 19 at the annual public meeting.

Callum McCarthy, chairman of the FSA, said: "I am delighted that Hector has emerged as the clear choice from a strong field of internal and external candidates. We conducted a very thorough search, and we believe Hector's combination of financial services industry experience, intellectual engagement and leadership skills best equips him to lead the

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Stemming the tide of rising FX settlement risk

As the trading of emerging markets currencies gathers pace and broader uncertainty sweeps across financial markets, CLS is exploring alternative services designed to mitigate settlement risk for the FX market

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