RSS feedhector sants
’Epita-FSA-tic
Related link:
The FSA will cease to exist in its current form – FT Alphaville
Wasteful, useless (UK) regulation, Part 93
It’s almost as if Hector Sants got a box set of The Wire for his birthday, thought that guy McNulty looked a bit like him (in his younger days) , and then this Galleon stuff came up and now…
March 18 (Bloomberg) — Traders’ mobile-telephone calls may be taped in an effort to stamp out insider trading,
Sants hits at FSA break-up proposal
Hector Sants, chief executive of the UK’s FSA, said that a proposed reorganisation of the financial watchdog body would sap precious time and resources just as the City of London needed to focus on changing its culture through hands-on supervision and tough enforcement.
FSA steps back from bank pay rules
The UK’s Financial Services Authority has backed away from specific recommendations on how bankers’ bonuses should be structured for fear they could undermine the UK’s competitiveness. The City regulator’s final remuneration code,
FSA warns banks over long-term bonuses
Banks that have agreed to pay their executives a guaranteed bonus for more than a year risk heavy penalties, the head of the FSA warned in a letter sent to more than 40 chief executives within the financial services industry.
Lombard: The race to the top in banking regulation
“We don’t know much about financial regulation, but we know what we don’t like.” The people have spoken and Lord Turner has listened.
His review could have marked the Financial Services Authority’s chairman out as the supervisor’s supreme hand-wringer,
FSA to ‘frighten’ with tough stance
Senior executives at troubled UK banks have been targeted by London’s securities watchdog for close scrutiny over their decisions in the run-up to the crisis, FSA chief executive Hector Sants warned on Thursday.
Quote du jour – Hector Sants, FSA
From Reuters.
“PEOPLE SHOULD BE VERY FRIGHTENED OF THE FSA”
You have been warned.
Update: Another killer quote from Hector.
I continue to believe the majority of market participants are decent people.
Sants delivers 20:20 Hindsight lecture
In Edinburgh, of all places, at the annual National Association of Pension Funds bash. The city (and the conference) is said to be chillier than usual this year.
The speech is worth a skim, if only because the pace of the prose suggests the full 2,200 words could have been rattled off in three minutes flat.
Dear Hector Sants…
John McFall, chairman of the Treasury Committee, has penned a letter to the FSA’s Hector Sants expressing his deep concern over “anecdotal evidence” that the monsters of Mayfair have been allowed to run amok on defenceless UK banks.
Clutching at historians
From the University of Reading:
Research by a team of academics at the University of Reading’s ICMA Centre has established clear parallels between the events of King Edward I’s time in the late 13th century and today’s credit crunch.
Compensation scheme to cover savers’ claims up to £50,000
From the FSA, Friday lunchtime:
The Financial Services Authority (FSA) has today increased the compensation limit for bank deposits from £35,000 up to a total of £50,000 for each customer’s claim.
Evil sellers now evil buyers
A curious admission from the FSA’s chief executive Hector Sants this weekend: HBOS was not a viable stand-alone bank, regardless of short-selling. Sants is quoted in the Sunday Times. Makes you wonder what the point of outlawing short-selling was then.
Monkey Sants?
Oh Hector. Click the monkey below for the full FSA experience.
Sants and the City
Hector Sants, the chief executive of the FSA, is deeply unimpressed with his former City colleagues.
According to the full transcript of an interview with Channel 4 News’ Faisal Islam, transmitted on Thursday,
You’re Crocked!
Hector Sants, chief executive of the FSA is not quite Alan Sugar, but the following was dispatched to staff at the British regulator on Wednesday:
It is with regret I announce that Clive Briault is
[The Treasury committee and the FSA] – III
There is some, ongoing and returning, confusion over the four pieces of legislation that the Bank of England governor pointed to in his appearance before the committee in explaining the bank’s actions.
[The Treasury committee and the FSA] – II
The stress testing of Northern Rock and the pattern of oversight put in place by the FSA was “inadequate”, admits Hector Sants, the FSA’s chief executive.Northern Rock’s last full assessment by the regulator was in February 2006 – with the next not due for three years,
[The Treasury committee and the FSA] – I
Helen Thomas is blogging the latest Treasury Select Committee hearing, being held at Portcullis House in Westminster…
Dissent! Dissent! Within the first few minutes.
It’s the FSA’s turn, fronted by Sir Callum McCarthy and Hectors Sants,
Snap shortlist for the job of running the City regulator
While John Tiner’s job as chief executive of the Financial Services Authority will be publicly advertised, three strong internal candidates will be vying for the job. The names in the frame, in order of public profile,