Sants warms to BoE deputy governor job

Sants had reportedly been hostile to Conservative plans to merge the FSA with the Bank of England should they gain power. But he is now understood to be attracted by the prospect of having a profound influence on the creation of the new financial regulator, according to the Financial Times today. Under Tory plans the FSA would be absorbed into and supervised by the Bank of England, with regulation of bank and broker moved into a newly created consumer agency. Sants had criticised the plans, and of the Conservatives for going public with the idea during the summer amid the financial...