"I am greatly honoured to be taking on this pivotal position in international financial regulation and will aim to build on the progress the Joint Forum has made under the strong lead of my predecessor José María Roldán of the Bank of Spain. The Forum has recently published papers on operational risk and risk aggregation and of course it is busy with disclosure of financial risk and a new issue, credit risk transfer. I hope my experience in both the banking and investment sectors will enable me to take forward this work in a positive way aided by the insight that comes from working at a major international single regulator like the FSA."
Baclground
- Gay Huey Evans has been the Director of Markets and Exchanges at the FSA since September 1998. Before that she was employed by Bankers Trust Company (1984-1998) in Risk Management Services where she was a Senior Managing Director. In 1994 she served as Chairperson of the International Swaps and Derivatives Association until 1998. She has represented the UK at IOSCO and CESR. She was educated at Bucknell University in Lewisburg, Pennsylvania where she gained a BA in Economics. Her interests include music, art, photography and tennis. A photo of Gay Huey Evans is available from the FSA press office.
- The Joint Forum was established in early 1996 under the aegis of the Basel Committee on Banking Supervision (Basel Committee), the International Organization of Securities Commissions (IOSCO) and the International Association of Insurance Supervisors (IAIS) to take forward the work of the Tripartite Group whose report was released in July 1995. The Joint Forum is comprised of an equal number of senior bank, insurance and securities supervisors representing each supervisory constituency. Thirteen countries are represented in the Joint Forum: Australia, Belgium, Canada, France, Germany, Italy, Japan, Netherlands, Spain, Sweden, Switzerland, United Kingdom and the United States.
- Mr José María Roldán, General Director of Financial Regulation at the Bank of Spain, has been chairman of the Joint Forum since 2001.
- The FSA regulates the financial services industry and has four objectives under the Financial Services and Markets Act 2000: maintaining market confidence; promoting public understanding of the financial system; securing the appropriate degree of protection of consumers; and fighting financial crime.
- The FSA aims to maintain efficient, orderly and clean financial markets and help retail consumers achieve a fair deal.
