Board director Pain to step down at FSA

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The Financial Services Authority has announced that Jon Pain, managing director of supervision and an FSA board member, has become the latest senior member to announce his intention to leave the organisation in 2011.

The FSA CEO Hector Sants, said: "Following the announcement that the FSA will be split in 2012, Jon Pain has decided that there will not be a suitable role for him in the new structure.

"So, it is

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