Hector Sants has resigned as chief executive of the UK’s FSA watchdog, sowing confusion about the direction of financial regulation. The former Credit Suisse banker, who became chief executive in 2007, reshaped the FSA into a more combative, intrusive regulator and has been a vocal advocate for international banking reform. He has also criticised Conservative proposals to dismantle the agency. Sants said in a statement he had always planned to serve a single three-year term, and has told friends he has no particular plans.

This entry was posted by Gwen Robinson on Wednesday, February 10th, 2010 at 5:12 and is featured in The 6am Cut London (10 Feb 2010) . Tagged with fsa, hector sants. Edit this entry.