FSA and BBA lose key staff

In March, John Thirlwell, BBA director, opted for a voluntary redundancy package - the association has shed about 20% of its staff. Simon Wills, a director who currently oversees other Basel issues, will now look after op risk. Thirlwell has taken on a non-executive director position at SVB Syndicate, a managing agency within Lloyd's of London Insurance, and an executive leadership role at the Operational Risk Research Forum, a London-based research group.

At the FSA, Victor Dowd, policy

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