Sants: Not our job to reveal bank pay deals

At the end of January, Treasury Select Committee chair Andrew Tyrie wrote to Sants calling for disclosure of aggregated information on the pay of 'high end employees' at FTSE 100-listed banks and comparable entities. In his response, Sants admits the FSA does collect some information on top-end remuneration, although he insists it is not the regulator's place to disclose this. He says: "We would point out that this is sensitive information provided by firms to us for the purpose of our regulatory functions. Firms may consider even the aggregated figures to be sensitive, given the smal...