UK FSA Chief To Step Down As Restructuring Wraps Up

Law360, New York (March 16, 2012, 1:32 PM EDT) -- The chief executive of the U.K.'s top financial regulator announced Friday that he will leave the agency in June after completing the process of dividing up its authority over the country's financial markets.

Hector Sants, the CEO of the U.K. Financial Services Authority, has been in charge of the reorganization of the British financial regulatory structure. Sants had originally asked to resign in 2010, but British Prime Minister David Cameron asked him to stay on in the position upon taking office to oversee the restructuring....
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