FSA loses its CEO

Calcutta News.Net
Wednesday 10th February, 2010

The UK's financial services chief executive, Hector Sants, has decided to resign.

In a statement, Sants, who has been in the post for three years, said he believed the FSA had made great strides in ensuring financial stability for consumers in the UK.

Before joining the FSA, he had been CEO of the Europe, the Middle East and Africa region of Credit Suisse First Boston.

Mr Sants was recently critical of the Conservative Party's promise to give back banking regulations to the Bank of England if the party were to win the next election.

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