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FSA reappoints Deirdre Hutton for third term

The Financial Services Authority has reappointed Deirdre Hutton to a third term as a non-executive board director.

The three-year term takes effect from December 11 2003 where Hutton will also take over as deputy chairman of the board and chairman of the FSA committee of non-executive directors when Stewart Boyd retires at the end of March 2004.

It is also announced that Christopher Rodrigues will leave the FSA Board when his second term expires on December 10 2003.

Ruth Kelly, financial secretary to the Treasury, says: “I am delighted to announce the reappointment of Deirdre Hutton and her appointment as deputy chairman which will ensure continuity at a time when the FSA is taking on increasing regulatory challenges.”


Woolwich launches two-year flexible discount

The Woolwich has launched a two-year flexible mortgage with a discounted rate of 2.00% less than The Woolwich SVR. The range of discounted mortgage products will be available from November 21 2003. The products have a current rate of 3.54% with no early repayment charges. Its current range of discounted products will continue to be […]

Tacky is just what we don&#39t need now

Regulation is fast approaching and anyone attending the Mortgage Expo last week will see why. Pole dancers on stands, bunny girls doing the rounds. Talk about a time warp – it was like being back in the 1980s. And you wonder why the FSA wants to clean up the intermediary market. This was just asking […]

Worrying imbalances in British economy warns Lib Dem

The Liberal Democrats warn that GDP data of this year&#39s third quarter reveals worrying imbalances in the British economy. Vince Cable MP, Liberal Democrat Shadow Chancellor, says that while overall growth is reassuring, business investment fell in the third quarter. He says: “Low business investment inevitably means low competitiveness. Manufacturers can hardly be expected to […]

MX takes over as top buy-to-let lender

Mortgage Express has toppled Birmingham Midshires to become the top buy-to-let lender for new business in the first half of 2003. While Mortgage Express has been number one for outstanding balances for the past two years, figures published by the CML show it now to have overtaken BM in gross advances – in which BM […]


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