FSA Annual Report 2006/07 - Better Regulation Ltd
FSA Annual Report 2006/07 - Better Regulation Ltd FSA Annual Report 2006/07 - Better Regulation Ltd
Section five FSA Annual Report 2006/07 53 Section five The Board of the Financial Services Authority 54 Report of the Directors 55 Corporate governance statement and remuneration report 60 Report of the independent auditors 68 Financial statements for the year ended 31 March 2007 70 Income statement 70 Statement of recognised income and expense 70 Balance sheet 71 Statement of cash flows 72 Notes to the financial statements 73 Statement of the allocation of costs for the year ended 31 March 2007 95 Statement of allocation of costs 98 Report of the auditors 99
54 Section five – The Board of the Financial Services Authority FSA Annual Report 2006/07 The Board of the Financial Services Authority 14 15 16 8 9 11 10 12 13 6 7 4 5 3 2 1 1. Sir Callum McCarthy Chairman, the FSA 2. Dame Deirdre Hutton Non-executive Director and Deputy Chairman, the FSA Chairman, Food Standards Agency 3. John Tiner Chief Executive, the FSA 4. Peter Fisher Non-executive Director, the FSA Managing Director, BlackRock, Inc 5. Hugh Stevenson Non-executive Director, the FSA Chairman, Equitas Ltd Chairman, The Merchants Trust Ltd Non-executive Director, Standard Life plc Formerly Chairman, Mercury Asset Management Group plc 6. Karin Forseke Non-executive Director, the FSA Member of Finansmarknadsrådet Private Advisor to the Minister of Local Government and Financial Markets, Sweden Non-executive Director of the Royal Opera in Stockholm 7. Iain Brown Company Secretary, the FSA 8. Sir John Gieve Non-executive Director, the FSA Deputy Governor (Financial Stability), the Bank of England 9. Sir James Crosby Non-executive Director, the FSA Non-executive Director, ITV plc Non-executive Director, Compass Group plc Chair of the Public Private Forum on Identity Management 10. Hector Sants Managing Director (Wholesale and Institutional Markets), the FSA 11. Brian Flanagan Non-executive Director, the FSA Non-executive Director, WM Morrison plc Non-executive Director, Jet Environmental Techniques Ltd Non-executive Director, Personal Navigation Systems Ltd Formerly Vice President, Mars Inc 12. Professor David Miles Non-executive Director, the FSA Managing Director and Chief UK Economist, Morgan Stanley & Co Ltd Visiting Professor of Finance, Imperial College, University of London 13. Michael Slack Non-executive Director, the FSA Chairman, the Fyfe Group Ltd Board member, British Insurance Brokers’ Association 14. Andrew Whittaker General Counsel, the FSA 15. Clive Briault Managing Director (Retail Markets), the FSA 16. David Kenmir Managing Director (Regulatory Services), the FSA
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Section five<br />
<strong>FSA</strong> <strong>Annual</strong> <strong>Report</strong> <strong>2006</strong>/<strong>07</strong><br />
53<br />
Section five<br />
The Board of the Financial Services Authority 54<br />
<strong>Report</strong> of the Directors 55<br />
Corporate governance statement and remuneration report 60<br />
<strong>Report</strong> of the independent auditors 68<br />
Financial statements for the year ended 31 March 20<strong>07</strong> 70<br />
Income statement 70<br />
Statement of recognised income and expense 70<br />
Balance sheet 71<br />
Statement of cash flows 72<br />
Notes to the financial statements 73<br />
Statement of the allocation of costs for the year ended 31 March 20<strong>07</strong> 95<br />
Statement of allocation of costs 98<br />
<strong>Report</strong> of the auditors 99
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