Lloyds TSB hires FSA risk regulator

Carol Sergeant, until Wednesday the managing director of the FSA’s regulatory process and risks directorate, will take on a newly created post of chief risk director when she joins in February. Sergeant will also sit on the UK bank’s group executive directors committee, which reports directly to Lloyds TSB chief executive Eric Daniels. The move comes a month after the FSA fined the bank a record £1.9 million, and ordered it to pay £98 million in compensation, for mis-selling precipice bonds

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