Hector Sants - an appraisal
So Hector Sants is off. The man who ran the FSA during its most turbulent period is heading off into the regulatory sunset.
He has been sent off with gushing endorsements from Adair Turner ringing in his ears and a general feeling that he did a great job. But how should we rate his performance?
I’m not sure I would match Turner’s gushing appraisal of Hector’s time in charge (“He is a truly outstanding public servant of great integrity and has provided the FSA with dedicated leadership and focus through extremely turbulent times”) but I think he did inherit a regulator that was not prepared for what was coming.
Indeed
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