FSA appoints retail banking expert

[Amethyst]

FSA appoints retail banking expert



FSA/PN/172/2009
11 December 2009
The Financial Services Authority (FSA) today announced the appointment of a new senior advisor. Graham Halliday will advise across the FSA, with reference to his specialist area; retail banking.
Graham joins the FSA part time. He has 37 years experience in banking, mainly at Natwest where he was a regional managing director. Most recently he was Director of Strategy & Business Affairs at Monitise and was also Director of Banking and Financial services at the Post Office.
Hector Sants, chief executive of the FSA, said:
"Graham will bring a wealth of knowledge to the FSA.
"This is a further example of our commitment to have the right mix of people working at the FSA, combining those with regulatory experience and those with strong commercial backgrounds.”
Senior advisors are a core part of the FSA’s delivery of intensive supervision. The team provides experience on regulatory, market and now consumer matters.

Notes for editors

1. The FSA last month announced the appointment of five new senior advisors who will assist the FSA in its work on governance issues.
2. 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 for consumers; and fighting financial crime.

[Amethyst]

Re: FSA appoints retail banking expert

hmmmm lol

"The survey raises the cash versus plastic debate," says Graham Halliday, banking and financial services director at the Post Office. "And while younger generations feel more comfortable using debit or credit cards for some of their smaller transactions, as a nation, we still love good old fashioned cash. We found that although plastic provides us with a fast and convenient way to shop, people feel happier knowing they have cash in their pockets, whether this is for emergencies, to keep control over spending, or because it's the easiest method of payment."

Who is Graham Halliday ?

• Director of Strategy & Business Affairs at MONILINK LTD (JV between Monitise PLC and Vocalink)

Past

• Director Strategic Partnerships at Monitise PLC
• Banking & Financial Services Director at Post Office
• Regional Managing Director at National Westminster Bank

• Various at NatWest Bank

Education

• Leeds Metropolitan University

Graham Halliday’s Summary

A high performing executive with a track record of achievement and transformational leadership in corporate and retail banking plus highly successful ventures in the public sector. Likes new challenges and getting things done.

Graham Halliday’s Experience

• Director of Strategy & Business Affairs
  
  MONILINK LTD (JV between Monitise PLC and Vocalink)
  
  (Public Company; MONI; Financial Services industry)
  September 2006 — Present (3 years 4 months)
  A market leading organisation creating secure applications for mobile phone handsets in the financial services industry. We are creating a new mobile channel with almost 60% of UK bank customers able to use the service from the end of summer 2008, a joint venture thriving in the USA and ventures under way in India and Africa..
  
  Current role is to develop relationships with strategic partners and develop strategies for sectors additional to the financial services sector.
• Director Strategic Partnerships
  
  Monitise PLC
  
  (Financial Services industry)
  September 2006 — November 2008 (2 years 3 months)
• Banking & Financial Services Director
  
  Post Office
  
  (Government Agency; 10,001 or more employees; Information Technology and Services industry)
  October 2000 — July 2006 (5 years 10 months)
  Board director leading the transformation of the Post Office into financial services. Created the post office card account and migrated some 16m people off an outdated government benefits system. Led the work to create a highly successful JV with Bank of Ireland and played a leading part in transforming the culture of Post Office Ltd into a sales and service focused financial services organisation.
• Regional Managing Director
  
  National Westminster Bank
  
  (Public Company; 10,001 or more employees; Banking industry)
  1996 — April 2000 (4 years )
  Leadership of up to 3000 people in geographies up to 30% of UK. Sales of personal and small business financial services products plus management of operational issues in the region. Through a regional board also led the bank's retail transformation programme in the region.
• Various
  
  NatWest Bank
  
  (Public Company; 10,001 or more employees; Banking industry)
  1971 — 2000 (29 years )

Graham Halliday’s Education

• Leeds Metropolitan University
  
  1974 — 1976

Additional Information

Graham Halliday’s Interests:

Skiing, golf, outdoor interests.

[Centium5000]

Re: FSA appoints retail banking expert

Cheers Ame, looks like the FSA is gearing up to look at what the banks are really doing in retail banking.

Maybe they could address the following issue:

As banks directly apply service charges to accounts as if they are loaning money, are they sneakily expanding the money supply?

Are the banks actually bypassing the controls of the fractional reserve banking system, creating billions in new money outside of the control of the central bank and the FSA?

If so, are they doing this because they know the OFT will be looking from a consumer / competition perspective, not a macroeconomic view, and that it will be too late to do anything about this new money by the time the Treasury / BoE / FSA realise?

If so, is there anything they would (dare to) do about it given that the banks operate as a collective, and one that is responsible for 97% of money creation in this country?

Just a thought.

I'm glad that we (currently) have the OFT and an established system of laws to have recourse to, otherwise I'd be concerned!