Sants - We are all responsible for financial crisis

Sants believes some firms are not taking collective responsibility for the crisis, and says reform cannot work until all parties accept some blame. Speaking today at Bloomberg London, Sants says: "There remains, I believe, an absence of the acceptance of collective responsibility for what has happened. "I personally remain unconvinced that all senior management have taken on board the need to change and operate in a genuinely different manner." The FSA says it has dramatically changed its regulatory approach in the past two years, increasing its focus on supervision of firms and tr...