MSE News: FSA chief executive to step down 9 February 2010 at 11:59AM in Debate House Prices & the Economy 4 replies 70 views

Former_MSE_Guy

This is the discussion thread for the following MSE News Story:

"The man who led the City regulator during the worst financial crisis of modern times will quit this summer ..."

Read the full story:
FSA chief executive to step down

Asheron

The rats are jumping ship over 50 top CEO's have quit there jobs in Uk and USA in the last 3 weeks!

Moving abroad? Haha you bet

1984ReturnsForReal_2

Asheron wrote: »

The rats are jumping ship over 50 top CEO's have quit there jobs in Uk and USA in the last 3 weeks!

Moving abroad? Haha you bet

Cashing out.....

StevieJ

Asheron wrote: »

The rats are jumping ship over 50 top CEO's have quit there jobs in Uk and USA in the last 3 weeks!

Moving abroad? Haha you bet

Yes, worried about the Tories winning the election

And today they're a bit uneasy about the resignation of Hector Sants as chief executive of the Financial Services Authority - because it is an open secret in the City that he is opposed to the Tories' plan for breaking up the FSA and transferring the supervision and regulation of banks to the Bank of England.

http://www.bbc.co.uk/blogs/thereporters/robertpeston/2010/02/why_sants_exit_is_embarrassing.html

kmmr

But he is being talked about as the new deputy governor of the bank. Perhaps just pre-empting the move of the FSA. Might end up in the same role as the head of the supervisory authority.