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UK FSA sees further departures

Chief operating officer resigns

LONDON – Mark Norris has announced he will step down from his position as chief operating officer and managing director at the UK Financial Services Authority (FSA). This is the latest of a number of senior management resignations at the UK regulator, which is set to be folded into the Bank of England under regulatory restructuring plans.

Jon Pain and Sally Dewar, who had headed the departments of

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Emerging trends in op risk

Karen Man, partner and member of the global financial institutions leadership team at Baker McKenzie, discusses emerging op risks in the wake of the Covid‑19 pandemic, a rise in cyber attacks, concerns around conduct and culture, and the complexities of…

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