Hector Sants

Banks should use the row over the sail of complex financial instruments to small businesses to overhaul their customer relationships and link pay to customer service, according to Hector Sants.

Setting up the Prudential Regulation Authority (PRA) could cost up to £150m, the Financial Services Authority (FSA) said today.

The executive team at the Financial Services Authority (FSA) shared out more than £300,000 in bonuses in the 15 months to the end of March, although chief executive Hector Sants handed his to charity.

Hector Sants has warned London's position as a global financial Centre is under threat due to the UK financial sector not rethinking its business models quickly enough in the face of political upheaval and regulatory change.

Alistair Darling has refuted claims the lastgovernment rejected advice which could have prevented the run on Northern Rock.

PanaceaIFA's chief executive has hit out at the number of high-profile departures at the Financial Services Authority (FSA).

GOODBYE FSA

Poor corporate governance in banks must be "urgently" addressed as it can ultimately lead to their failure, Financial Services Authority (FSA) chief executive Hector Sants has said.

Hector Sants's shock decision to quit the FSA at the end of June brings to an end a fractious eight-year relationship with financial advisers.

I'M SORRY