Sants: RDR will go ahead as planned

Speaking at the 2010 conference of the Chartered Institute of Securities and Investments (CISI), Sants said transitions due for completion by the end of 2012 would not be derailed by the regulatory overhaul announced in last night's Mansion House speech. In the speech, Chancellor George Osborne confirmed he would scrap the tripartite system created by Gordon Brown, including the FSA, and said Sants would stay on to head up the new City watchdog. Today Sants told IFAonline: "We have every intention of taking the RDR forward into the new regulatory structure." In February, Sants cau...