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MSE News: FSA chief executive to step down

Former_MSE_Guy
Posts: 1,650 Forumite



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 ..."
"The man who led the City regulator during the worst financial crisis of modern times will quit this summer ..."
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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 betAs an investor, you know that any kind of investment opportunity has its risks, and investing in Stocks or Precious Metals is highly speculative. All of the content I post is for informational purposes only.0 -
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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'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
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.0
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