Tory deputy chair has 'deep reservations' about Sants

Sants is the chief executive designate of the Prudential Regulation Authority, which will be responsible for most of the day-to-day supervision of banks, insurers and brokers from next year. However, Michael Fallon, a member of the TSC and deputy chairman of the Conservative Party, has questioned his suitability for the role, the Sunday Herald reports. "I have deep reservations about Hector Sants getting the PRA role," he said. "It's fair to say other members of the committee share my reservations about his suitability," he added. Sants will appear before the TSC for a 'pre-appo...