Hector Sants is being headhunted by the Tories for a top job at the Bank of England or the Treasury, according to reports.
The surprise exit of FSA chief Hector Sants presents a golden opportunity to re-model the way financial services regulation is delivered in this country.
Hector Sants exits the FSA having fostered an environment of collaboration and consultancy within financial services, the Institute of Financial Planning (IFP) says.
Hector Sants' replacement at the FSA needs to better balance consumer protection and interests with care for those working in the industry, the Association of IFAs (AIFA) says.
Hector Sants's three years as chief executive of the FSA must be among the most eventful of any regulator in history.
So, farewell then, Hector Sants. The FSA CEO has announced he is to depart in the summer after three years in which he oversaw the rockiest period in the watchdog's brief history.
He may have inherited a poisoned chalice but Hector Sants did little to improve the industry, advisers say.
Hector Sants' departure as chief executive of the FSA will have no bearing on the RDR, despite it coming just two years before the 2012 implementation deadline, the Personal Finance Society (PFS) says.
The FSA today announced Hector Sants's resignation, but who should replace him?
FSA chief executive Hector Sants will step down in the summer after three years in the role.