In what will be seen by many as the final triumph of the IMRO
approach to regulation, Richard Farrant, Chief Operating Officer
since the formation of the FSA in October 1997, has now left FSA.
Richard Farrant was formerly Chief Executive of SFA, and
commentators in the national press have speculated on whether his
departure is related to personality clashes resulting from the
overwhelming influence of IMRO in the makeup of the new regulator.
His responsibilities are being split between Paul Boyle, Chief
Administrative Officer, and Sandra Jenner, Human Resources