Market moves: Ready for regime change
It was all about big names and big moves last month. The Financial Services Authority (FSA) lost two big players as it approaches the end of its reign as regulator.
One of the biggest moves last month had to be the departure of Hector Sants from the FSA. After five years as CEO, and three years before that as managing director, wholesale and institutional markets, he is to stand down in June 2012. He originally planned to resign in 2010 but was convinced to stay on, and has spent the past two years aiding the handover to the new dual system. The FSA is also losing its managing director, and board member Margaret Cole. She joined the regulator as enforcement
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