FSA chief steps down (From Wiltshire Business Online)

FSA chief steps down

11:02am Tuesday 9th February 2010

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The head of City watchdog the Financial Services Authority is to step down in the summer, it was announced today.

Hector Sants has resigned after three years as chief executive and the process to appoint his successor will be announced in due course, the regulator confirmed.

Mr Sants had been vocal in opposing plans by the Conservatives to disband the FSA and hand greater powers to the Bank of England.

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