News
FSA enforcer, managing director and Board member, Margaret Cole, is leaving the regulator after seven years. Cole has been instrumental in leading the renewed FSA fight against market abuse and corporate wrongdoing. She said:
“I joined the FSA to help in the fight against wrongdoing within the financial services industry and I believe a lot has been achieved in my time here. We have shown the FSA is not afraid to take on difficult cases and will not shy away from pursuing criminal prosecutions, however difficult to prove. It’s painstaking work and the legal process takes a long time but there are people sitting in prison now because of our commitment. And the next 12 months will see more trials and more convictions as the pipeline of our cases comes to fruition in the courts".
In 2011 Cole oversaw eleven convictions for insider dealing with sixteen awaiting trial and fines levied totalling £66m. She will remain in her current role and on the FSA Board until the end of March, prior to the creation of twin peaks within the FSA on 2 April.
Published: 16 February, 2012