Briault leaves FSA

Clive Briault, the UK Financial Services Authority's head of retail supervision, will leave the FSA at the end of next month.

He will be replaced in the interim by chief operating officer David Kenmir. Kenmir, in turn, will be temporarily replaced by the FSA's human resources director, Kathleen Reeves.

FSA chief executive Hector Sants said the authority would also step up its supervision of financial stability and large retail groups, in the wake of the Northern Rock crisis. David Strachan