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Ex-FSA chief Sants flirts with Barclays over compliance role

by Michelle Abrego on Dec 06, 2012 at 15:00

Ex-FSA chief Sants flirts with Barclays over compliance role

Former Financial Services Authority chief executive Hector Sants is in talks with Barclays, according to Sky News, which early this week reported he was also in talks with Deloitte.

Sky News said Sants was in detailed talks about a role overseeing Barclays' compliance and regulatory functions.

The news comes two days after Sky News also disclosed that the former FSA boss, who left the regulator in June, was in talks with accountancy firm Deloitte over an equity partner role.

Sky reported that people close to the situation said that Sants was more likely to join Barclays than Deloitte but that he would not formally make a decision until his gardening leave expires at the end of the year.

Sants first announced his resignation as the head of the FSA in February 2010 but stayed at the regulator in order to ease the transition into the twin peaks model, finally announcing plans to step down again in March 2012.

15 comments so far. Why not have your say?


Dec 06, 2012 at 15:12

Struggling are you Hector? Wonder why?

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Dec 06, 2012 at 15:23

Hector for rent to highest bidder - not fussy and will consider anything (but used to diet of extortionate salary and benefits).

Total underachiever but will look good on your letterhead

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David r via mobile

Dec 06, 2012 at 15:25

Jobs for the boys, revolving doors, toffs looking after themselves all spring to mind!

You want to get a Job advising hector and see how you do there! With real people and real issues!

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Dec 06, 2012 at 15:26

Hope he does get the job with Barclays, it will interesting to see what he would do.

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Julian Stevens

Dec 06, 2012 at 15:42

Wouldn't it be a bit like appointing an arsonist as head of the fire brigade?

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PD Off

Dec 06, 2012 at 16:17

Barclays obviously thinks its share price is to high.

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Jonathan Kirby

Dec 06, 2012 at 16:29

Probably a smart move by Barclays as perhaps they hope that if they put him in charge of compliance then all his 'friends' at the FSA will look the other way because good old Hector wouldn't let them get away with anything would he?

Memo to Antony Jenkins - don't take CV's at face value!

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One Shot Bwana

Dec 06, 2012 at 16:48

@Julian Stevens - you are always on the money.

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l'ifa passeport en provenance de France

Dec 06, 2012 at 17:02

my money is on him going to capita

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Dec 06, 2012 at 19:51

Looks like Dumb turns Dumber

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Richard Hardy

Dec 07, 2012 at 12:19

It has been done before - Tony Blair as Middle East Envoy!

I agree with L'ifa - have you seen what Capita is involved in?

Scary how one company can be involved in so many areas of Government.

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Gillian Cardy

Dec 07, 2012 at 13:48

I was more intrigued by the idea of Hector "flirting" ... ;-)

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Green Eyed Monster via mobile

Dec 09, 2012 at 09:58


If you read the article carefully it does not say Barclays bank. it could be the Barclay brothers so the concept of flirting with them takes on new possibilities. Although I think even Hector would struggle getting his leg over there!

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Gillian Cardy

Dec 09, 2012 at 12:09

@GEM : you're right - I assume too much - but you raise an even more frightening image ... and it's not one for a lazy Sunday afternoon ... ;-)

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Welsh Wizard

Dec 09, 2012 at 12:30

He couldnt regulate Barclays when he was head of FSA, what makes them think he could now ? I bet he was hoping his good friend Tucker may have got the top job at BOE so he could just slip in there , Now the Mountie has been appointed with no FSA connections has peed on his chips !. I hope he will use a new broom and clear out the trash of what is the FSA and all its cronies !

Good one Julian Stevens@

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