Abbey chief executive appointed to FSA practioner panel

The Financial Services Authority has appointed Luqman Arnold, chief executive of Abbey, and Alan Yarrow, vice-chairman of investment bank Dresdner Kleinwort Wasserstein, as members of the Financial Services Practitioner Panel.

The panel is a statutory body that represents the interests of practitioners within the regulatory framework, principally by ensuring that the FSA takes account of the views and concerns of regulated firms in the development of regulatory policy and in its operation generally.

Arnold and Yarrow replace James Crosby and Hector Sants on the panel, who have recently stepped down to become a non-executive director and a managing director of the FSA, respectively.

Jonathan Bloomer, chairman of the panel, says: “I am extremely pleased that Luqman and Alan will be joining the panel. Their appointments will help us ensure that the panel continues to provide an important and authoritative channel of communication, at the most senior level, between the FSA and the firms it supervises.

“Luqman and Alan will fill the gaps left by the departure of James and Hector and bring extensive experience of the retail and investment banking marketplaces. This will make certain there continues to be a high level of expertise and breadth of knowledge on the Panel and that we can effectively pursue our aim to be an influential and representative voice for practitioners in the financial services sector.”