New Model Adviser - For professional financial planners

Register to get unlimited access to all of Citywire’s Fund Manager database. Registration is free and only takes a minute.
6761.37 + 11 0.16% 09:17

Sants defends decision to join Barclays

17 comments
Sants defends decision to join Barclays

Newly-knighted Hector Sants has defended his decision to join Barclays, claiming he is not compromised by his latest role.

The former Financial Services Authority boss launched his defence while speaking to MPs.

Sants came under fire as he gave evidence at the Parliamentary Commission on Banking Standards, however he said he was 'not compromised' by accepting a post as head of compliance at Barclays and had respected guidelines on when former regulatory chiefs can take up  positions elsewhere.

'There is a statutory period when you are not allowed to work for a competitor and I will have passed that before I start,' Sants (pictured) said.

Sants added he, the FSA and Barclays were all aware of some cases against the bank, but 'safeguards' had been put in place to protect shareholders and the public interest.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.