Hector Sants

An adviser threatened by the FSA for adding a complaints long-stop to his terms of business contracts says Hector Sants' pledge to consider reintroducing the rule was a 'sop' to advisers.

Last week’s Treasury Select Committee hearing on RDR largely covered old ground. But these debates always teach you something new about the regulator...

An alleged £1bn HBOS corporate fraud was known to former directors of the state-rescued bank, but they failed to act on the information, according to sources close to police investigators.

A natural disaster, national outrage and a slanging match in Parliament between the FSA and MPs. Seven days is a long time in finance.

FSA chief executive Hector Sants is thought to be uncomfortable with Governor Mervyn King's hardline stance on the banking system which helped hurl Britain into recesssion.

The truly horrifying and calculating way the FSA considers the livelihoods of individual advisers was revealed in its true colours today at the Treasury Select Committee hearing.

We round up the best tweets as the Treasury Select Committee grills Hector Sants and Sheila Nicoll of the FSA.

The FSA today said it will take action against those firms churning out trail commission ahead of RDR.

Hector Sants stressed the FSA is "completely accountable" when grilled by the TSC over the thorny issue of democratic accountability and redress.

FSA chief executive Hector Sants has said he did not mean to cause offence when he said it was acceptable for 20% of IFAs to leave the industry due to the RDR, but maintains the exits will not harm consumers.