News flash: Crosby is walking from his job as deputy chair of the City regulator.
His demise seemed likely after No 10 failed to give him unqualified support earlier this morning.
Curiously, the FSA press office didn’t know about this at 11.35am, despite the news already running on Sky TV. It took them another 10 minutes to confirm the news.
The Treasury insisted that the government had not demanded the resignation.
“His statement makes clear it was his decision to resign,” said a spokesman. “We knew about it more or less at the same time as it was announced.”
Jim Pickard
Kiran Stacey
