Hector Sants

Hector Sants, chief executive of the FSA, received a performance-related bonus of £114,000 despite major failings at the regulator.

The FSA has blamed banks depending on credit rating agencies for their part in the credit crisis.

FSA chief executive Hector Sants will use his keynote speech at the Association of Independent Financial Advisers (AIFA) annual dinner to discuss the FSA's supervisory strategy.

FSA chief executive Hector Sants used a recent speech on IFA reward schemes to take a swipe at commission-based remuneration, according to law firm CMS Cameron McKenna.

FSA chief executive Hector Sants has warned against IFA firms using performance rewards, saying they could be breaching its treating customers fairly (TCF) principle.

The Treasury Committee will question the FSA about its role in the Northern Rock crisis next month, according to a statement.

IFAs have slammed the Financial Services Authority (FSA) for spending almost £11,500 on departing chief executive John Tiner's two leaving parties.

The Financial Services Authority (FSA) spent more than £11,000 on former chief executive John Tiner's leaving party.

The new FSA chief executive Hector Sants will speak at the Association of Independent Financial Advisers annual dinner on 21 November.