When not tending to its duty as financial regulator, the FSA is busy playing the HR game. Figuring that who better than a regulator would know the hallmarks of senior executive success, the FSA has been busy administering competency tests to prospective C-suite candidates. Since they started deciding whether applicants had the "necessary skills, experience and integrity" to fulfill their potential duties back in October of last year, 15 of the 174 individuals under consideration for positions close to the top of the totem pole withdrew their names before a decision had been made and 12 of the 15 pulled out after the initial encounter with the FSA.
The FSA said: "In a number of cases, applications for senior roles have been withdrawn following interviews that raised questions concerning the candidate's competence."
Given some of the FSA's recent initiatives, one hopes this will be a 360-degree review process.
Applicants pull out as FSA gets tough on top bank jobs [Times Onlne]
Posted by guest , Aug 31, 2009 5:55PM
these pretzels are making me...
Posted by 2StopShop , Aug 31, 2009 6:00PM
It sounds like a good thing to me - and apparently it's getting results. I think you were trying to make it sound like a bad thing Grichaels, but I don't understand why. Yes, government oversight, blah, blah, blah, but if they are just screening for competence and seemingly scaring away incompetent would-be C-level execs, what harm is there?
Posted by BSD , Aug 31, 2009 6:01PM
Given that being able to bullshit your way out of anything a regulator throws at you is a requirement for any C-level exec at a bank this is actually an excellent qualifier.
Posted by guest , Aug 31, 2009 7:32PM
Greg has a vulva.
Posted by Screwtape , Aug 31, 2009 11:28PM
Greg my dear boy it's high time that you give serious consideration to taking that civil service exam. This thing you're doing now just isn't working.
Regards,