UK: financial regulation - Hector Sants on the powers of the Bank of England Governor

Hector Sants, the chief executive of the soon to be disbanded Financial Services Authority, has given an interview to the BBC's Business Editor, Robert Peston: see here. Mr Sants will leave the FSA at the end of this month and in his interview he reflects on past decisions of financial regulators as well as the future. He states, for example, that the personal responsibilities of the Governor of the Bank of England will be excessive under the Government's proposed new financial regulatory framework.