TSC v FSA: We are accountable says Sants

When quizzed on whether it is fair the regulator has immunity from both negligence and gross negligence, chief executive Hector Sants said he is "happy" to consider the FSA's accountability in light of changed public perceptions. But the FSA chief appeared ill at ease when grilled on the question of accountability, conceding it is a "complex" area. "We are accountable to the framework parliament has placed us in - the FISMA framework," he said during a stormy Westminster session. "We are completely accountable to parliament and if you, as parliament want to change our accountability, ...