Congratulations to Tim Herrington on his appointment as chairman of the UK Financial Services Authority’s regulatory decisions committee. As head of the global asset management group at international law firm Clifford Chance, he undoubtedly has the technical expertise needed for his new role.
But a responsive regulator also needs to empathize with those it regulates. So it’s good that Herrington knows from experience how some members of the financial services community spend their evenings.
On a foggy night in January 2002, a group of Clifford Chance’s London partners hired a boat on the river Thames and entertained a party of journalists to dinner and drinks.
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