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Ex-FSA chief Sants flirts with Barclays over compliance role

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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.

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