Regulator in search for new director of mortgage policy

The Financial Services Authority is on the lookout for a new director of mortgage policy following Ed Harley’s move to its asset management department.

Lynda Blackwell, a member of the mortgage policy team, is acting head of mortgage policy while the FSA searches for a successor.

Harley moved to his role in the retail division in July shortly after David Geale replaced Lesley Titcomb to become sector leader for mortgages.

Harley says: “Despite this move the team remains committed to delivering the FSA’s mortgage objectives, led by director Sheila Nicoll, withGeale leading the sector team for mortgages and Blackwell as acting head of mortgage policy.

“We have firmly set out our new approach towards conducting regulation, supported by a regime of more intrusive supervision.”

He adds: “The importance of the Mortgage Market Review and our work on responsible lending is underlined in the government’s latest consultation paper and we are very much on course to continue with our work.”