Changing hats

DaniÈle Nouy

Danièle Nouy, secretary general of the French Banking Commission (Commission Bancaire), has been elected chair of the Committee of European Banking Supervisors (CEBS). Nouy replaces José María Roldán, director general of banking regulation of the Bank of Spain, who held the post since CEBS became operational in 2004, and whose two-year term as chair has expired. Nouy served as vice-chair during Roldán's chairmanship, and she has international experience in banking supervision. She served as secretary general of the Basel Committee on Banking Supervision from 1998 to 2003, and as deputy secretary general from 1996 to 1998.

William Fox

Bank of America (BoA) made William Fox senior compliance executive for financial crimes in its compliance risk management division. He joins from the Financial Crimes Enforcement Network (FinCEN) in Washington, DC, where he was director for two years. FinCEN is the division of the US Treasury Department that focuses on money laundering, and it administers the Bank Secrecy Act. Before joining FinCEN, Fox held legal posts at the Treasury department and also worked at the Bureau of Alcohol, Tobacco and Firearms. Charles Bowman, principal compliance executive at Charlotte, NC-based BoA, says: "As his first assignment, I am asking him to take an enterprise-wide view across the organisation, working closely with audit, legal, compliance risk management and corporate security to ensure we have one of the strongest compliance programs in the industry."

Mike Walters

In mid-January, Barclays hired Mike Walters as head of compliance and regulatory affairs for the Barclays Group, reporting to Mark Harding, general counsel for Barclays, from early February. Walters has been in the role on an interim basis since July 2005. "Walters will be responsible for leading the group-wide compliance function, and ensuring that we continue to meet the increasingly demanding regulatory standards applying to us worldwide," says a Barclays spokesperson. "He joins us from Deloitte, where he was a partner in their financial services regulatory practice. He comes with a wealth of experience gained both from advising financial institutions on regulatory matters and from periods spent on secondment with the FSA and regulated firms," he says.

Oliver Page

The Financial Services Authority (FSA) announced in late January several moves and new appointments. Oliver Page, director of major retail groups and financial stability sector leader, will retire in April 2006. Page had been with the FSA since its creation in 1998, and previously with the Bank of England. David Strachan, formerly retail firms director, is taking over from Page as major retail groups director and financial stability sector leader, with the handover currently underway. Sarah Wilson, will take over from Strachan as retail firms director from February 1, and as insurance sector leader as from April.

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