John Tiner
John Tiner is a leading expert and manager in the world of finance and financial regulation. He was chief executive of the Financial Services Authority (FSA) from September 2003 to July 2007.
Career
For 25 years up to April 2001 (when he was 49), he worked for Arthur Andersen (a firm of accountants and management consultants). He was a partner for 13 years, and in 1997 became head of the global financial services practice. He led a team that produced a report into the 1995 collapse of Barings Bank for the Bank of England's Board of Banking Supervision. This led him to be increasingly interested in financial regulation.[1]
In April 2001, he joined the FSA to become managing director of consumer, investment and insurance directorate. In September 2003, he became FSA chief executive. This came after the resignation of Sir Howard Davies as FSA executive chairman, when that post was split into two: chairman (Sir Callum McCarthy) and chief executive (Tiner). At the FSA, he led the Tiner Review into the insurance industry, dealt with the split capital trusts scandal, addressed the issue of consumers' poor understanding of personal finance, and reorganised the FSA into three business units: retail markets, wholesale markets and regulatory services. He also promoted principles-based regulation as against rules-based regulation. He resigned from the FSA in July 2007.[1][2]
In April 2008, he took up a non-executive directorship at New Star Asset Management (now Henderson New Star).[3] In September 2008, he became chief executive of Resolution Operations LLP (the operational counterpart of Resolution Limited, a Guernsey-based company with aspirations to consolidate the UK insurance industry).[4][5] Since 2009, he has been a member of the board and audit committee of Credit Suisse Group AG; his term as board member expires at the AGM in 2012.[4]
Notes
- ^ a b "John Tiner to step down as ceo in July 2007". Financial Services Authority website. 16 January 2007. Retrieved 13 May 2012.
- ^ "And so, farewell to the FSA". Financial News website. 9 January 2012. Retrieved 13 May 2012.
{{cite web}}: Italic or bold markup not allowed in:|work=(help) - ^ "FSA's ex-golden boy ends up with a tarnished reputation". The Guardian website. 15 March 2009. Retrieved 13 May 2012.
{{cite web}}: Italic or bold markup not allowed in:|work=(help) - ^ a b "John Tiner (bio)". Forbes website. Retrieved 13 May 2012.
- ^ "The Business On... John Tiner, Chief Executive, Resolution". The Independent website. 25 June 2010. Retrieved 13 May 2012.
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