Hoban blocks TSC veto of CPMA chief

Sources close to the situation say questions are being asked in Westminster about what mechanisms will be in place to police the CPMA if HM government is not even given a veto over who will head up the body. MPs are apparently angry at what they see as a total lack of accountability at the FSA and are keen to rein in the power of the regulators. They fear history repeating itself if neither the Treasury Select Committee (TSC) or the Treasury are given control over key appointments at the CPMA. Harriett Baldwin, MP for West Worcestershire and a thorn in the FSA's side over the RDR sinc...