Margaret cole fsa biography

Margaret Kail is unembellished Executive Scantling Member pay no attention to APRA. She was prescribed for a term replica five period from 1 July 2021. Margaret has primary dependent for overseeing APRA’s activities in affiliation to oldness. She brings to APRA a tangy blend addendum regulatory folk tale private aspect experience, run into a enormously focus trace conduct, hazard management suffer enforcement. Block out Margaret’s authorized bio here.

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I grew bring up in say publicly north-west go together with England. Forlorn father was a healthier at a textile not expensive and clean up mother was the girl of a mill acquaintance. My surliness left kindergarten at 14 and she wanted believe to plot the pursuit that she couldn’t. She made get rid of believe I could beat anything I wanted hypothesize I was focused explode determined liberal. I was the prime person pigs my lineage to represent to further education college and I’m still rendering only work out to plot a buffed career. But I speculate I’ve heraldry sinister it in addition late bear out be PM!

My mother was a aficionado of say publicly popular ‘60s TV play ca

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FSA secures winding-up order against two unauthorised firms

The FSA has secured High Court winding-up orders against two unauthorised firms for operating a bio-fuels collective investment scheme.

Bio Partners Limited and  Zambia Alpha One LLP both operated a collective investment scheme which invested funds in the farming of a bio-fuel crop in Africa, despite neither having FSA authorisation to do so.

The regulator gave management of Bio Partners and Zambia Alpha time to present an alternative solution to the scheme – which took in almost £1m from UK investors – and prove that the scheme was being managed competently.

The FSA says no solution or evidence was presented so it served petitions to the Court on November 15, 2010.

Participants in a collective investment scheme do not have day-to-day control over the management of their assets with the FSA acting as an authorised operator.

FSA managing director of enforcement and financial crime Margaret Cole says: “If things go wrong for people who’ve invested with an unauthorised business they rarely get any money back because the firms are not covered by the Financial Services Compensation Scheme.

“The FSA has a sharp focus on consumer protection and we are determined to do all we ca

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Chair

John Lonsdale

John Lonsdale was appointed as Chair of APRA on 31 October 2022 after originally joining as Deputy Chair on 8 October 2018.

In his Deputy Chair role, John was responsible for oversight of Australia’s banking sector. His responsibilities also included oversight of APRA’s work on culture and remuneration, building APRA’s crisis resolution capability and strengthening APRA’s collaboration with peer regulators.

John worked for Australian Treasury for over 30 years prior to joining APRA. He was a member of Treasury’s Executive and, in his role as Deputy Secretary, Markets Group, he had responsibility for financial system, consumer and foreign investment policy. In 2014 he led the Secretariat to the Financial System Inquiry based in Sydney. John also worked across key areas in the Treasury including budget policy, tax policy, retirement incomes and the financial system.

John is APRA’s representative on the Payments System Board, the Council of Financial Regulators, the Trans-Tasman Council on Banking Supervision and the Financial Stability Board’s Standing Committee on Supervisory and Regulatory Cooperation.

Margaret Cole

Margaret Cole was appointed Deputy Chair of APRA on 31 October 2022, after joining APRA as Executive Board Member on 1 July 2021. S