Hector Sants is to quit the FSA in the summer, and will not become deputy governor of the Bank of England or CEO of the Prudential Regulation Authority.
In a statement, the outgoing CEO said said: "When I agreed to stay on as CEO in 2010, I committed to stay and deliver an orderly transition to the Government's new regulatory structure. "The project is now firmly on track and with the establishment of twin peaks within the FSA I will have achieved that goal. "Now is the right time to hand over to those who will deliver the long term goals of the future PRA and FCA. "I am proud of what the FSA has achieved during my time in charge, through what have been incredibly challenging times. I would like to thank all of my colleagues for th...
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