Briault leaves FSA

Clive Briault, the UK Financial Services Authority's head of retail supervision, will leave the FSA at the end of next month.

He will be replaced in the interim by chief operating officer David Kenmir. Kenmir, in turn, will be temporarily replaced by the FSA's human resources director, Kathleen Reeves.

FSA chief executive Hector Sants said the authority would also step up its supervision of financial stability and large retail groups, in the wake of the Northern Rock crisis. David Strachan, previously director of large retail groups, will move to head of financial stability, working in the chief executive's office with the head of wholesale supervision, Thomas Huertas. Clive Adamson will succeed him as acting head of large retail group supervision.

See also:FSA 2008 outlook focuses on SocGen bonus lessons
 FSA appoints new MD of wholesale
 Cautious optimism over Northern Rock nationalisation
 Northern Rock fallout continues