FSA CEO Hector Sants to leave in summer

FSA chief executive Hector Sants

The Financial Services Authority (FSA) has announced that Hector Sants will leave the organisation in the summer of 2010, after three years as CEO.

Mr Sants said: “When I was appointed I told the board that I planned to serve as CEO for three years, and I intend to stick to that timetable.

"Of course, those three years have encompassed the most extraordinary circumstances for a financial regulator, and I am very proud of the manner in which the FSA rose to the challenge of dealing with such unprecedented turbulence across global financial markets.

"Moreover, I believe the FSA candidly examined the failings in financial regulation that

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