David Bagley, ex HSBC Head of Compliance, has joined The Co-operative Bank according to reports. The website Compliance Matters reports that it is is not known whether Bagley ever applied to the British regulators for a renewal of his ‘permissions’ to perform ‘controlled functions’ and speculates that is has joined in a Consultative capacity however, the FCA Register confirms that as of Monday last week he was approved for the ‘Control Function 10′ and ‘compliance oversight’ suggesting that whist the mandate may still be interim he has successfully been renewed and is back the driving seat.
