Interview: Howard Davies

Following the passage of the Financial Services and Markets Act, the UK'sFinancial Services Authority is gearing up to assume full legal powers as the UK'ssingle regulator. In an exclusive interview, Howard Davies, FSA chairman andchief executive, explained to Neil Courtis how the new model will work.

Q. In your career you have worked in theBank of England, the Audit Commission,the Confederation of British Industry,McKinsey, the Treasury and the ForeignOffice. Which has proven most valuable

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