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Hector Sants

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Watchdog warns banks over a return to big bonuses Crisis sparks leap in banks' watchdog bill Watchdog gets more bite in war on rogue traders

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City Spy: Lords in search of bonus soundbite?

17.08.09
It's fascinating how ministers propose to legislate on bank bonuses. When the Financial Services Authority published its proposed rules in March and invited views, plenty of banks and professional bodies duly responded but members of the Government maintained their silence ... more

Comment: Politicians must ensure that all banks change their ways

12.08.09
Listen to most politicians about the causes of the credit crunch and they will cite greedy fat cat bankers with their over-the-top bonuses and mega-rich, two-fingers-to-everyone-else lifestyles ... more

Watchdog warns banks over a return to big bonuses

12.08.09
City regulator Hector Sants today warned London-based banks that they should not return to their “bad old ways” ... more

Tory promise to abolish FSA creates havoc, chief says

24.07.09
The Financial Services Authority could struggle to operate effectively after the Tories revealed their plans to abolish it, chief executive Hector Sants is warning ... more

Top City watchdog turns down £130,000 bonus

24.06.09
The City's top regulator has turned down his bonus for the last year, sending a signal to bankers and directors that they need to cut back on their fat-cat rewards... more

Who are MPs to call others naive? They haven't a clue

18.05.09
Please sir, in my next life can I be John McFall or, failing that, a member of his Treasury Select Committee? The reason I ask is that it must be great fun to sit in judgment on others, to not have a clue how their industry works or where they're coming from, and then to slag them off... ... more

Code can't really be our best shot

18.03.09
When you meet someone these days who was until recently a non-executive director of one of the banks, it does not take long before the conversation turns to what went wrong. ... more

City watchdog proposes new curbs on risky lending by banks

18.03.09
Banks today faced new curbs on lending and stricter oversight in an attempt to restore confidence in the financial industry... more

Shareholders must raise their game to stop the rot

13.03.09
After two years in which the market value of the banking sector as measured by the FTSE 100 index has gone from £325 billion to £35 billion, it is surprising how rarely people ask what the institutional shareholders were doing when the bank managements were setting off down the path to destruction... more

Be very afraid, boss of top City watchdog warns managements

12.03.09
People should “be very frightened” of the City regulator, Financial Services Authority chief executive Hector Sants said... more

Crisis sparks leap in banks' watchdog bill

12.02.09
Regulation: The fees High Street banks pay to the City watchdog will double next year as a result of the economic crisis. The total bill for the Financial Services Authority will rise by £117 million to £415 million in the coming year... more

Watchdog to crack down on City's bonus culture

13.10.08
A huge overhaul of the "unacceptable" bonus culture in the City has been launched by its chief watchdog... more

Guarantee on savings raised to £50,000

03.10.08
The City watchdog raised the guarantee on personal savings from £35,000 to £50,000 as it moved to restore confidence in the banking sector... more

Short-seller with a £1bn bet that British banks will fall

24.09.08
A hedge fund named as a major short seller in a string of British banks was defiant today, saying: "These companies are not strong."... more

Commentary: Short-sellers were just feeding on weakness of the banks

19.09.08
Finally, the cavalry has arrived. As they haul themselves out of their upturned wagons and pick themselves gingerly over the carcasses of fallen comrades, those bankers still left standing are entitled to ask of the Financial Services Authority, where have you been?... more

'Death sentence' for short-sellers

19.09.08
City speculators who bet on bank shares falling face a "bloodbath"... more

Sympathy is in short supply for AIG’s boss

18.09.08
Not too many tears for AIG's beleaguered chief executive Bob Willumstad, City Spy senses... more

Deal the watchdog was begging for

14.07.08
The £1.26 billion takeover of Alliance & Leicester by Spanish giant Santander will delight many in the City - none more so than Hector Sants... more

Has the market maxed out on pessimism yet?

10.07.08
"Bull markets are born on pessimism... the time of maximum pessimism is the best time to buy." Thus Sir John Templeton, who died this week after proving another maxim, that an interest in markets is a fine way to longevity. He was 95, and one of the outstanding investors of the last century... more

Has the market maxed out on pessimism yet?

10.07.08
"Bull markets are born on pessimism... the time of maximum pessimism is the best time to buy." Thus Sir John Templeton, who died this week after proving another maxim, that an interest in markets is a fine way to longevity. He was 95, and one of the outstanding investors of the last century... more

Let's not rush to over-regulate

01.07.08
Marketing folk tell you the reputation of a company is not destroyed by the mistakes it makes, but by the way it recovers having made one... more

Large pay rises for FSA chiefs despite Rock fiasco

30.06.08
The two men in charge of the City watchdog which oversaw the collapse and nationalisation of Northern Rock received inflation-busting pay rises last year... more

Watchdog gets more bite in war on rogue traders

13.06.08
The Financial Services Authority has launched an unprecedented crackdown on rogue traders... more

Big banks 'were on call to save B&B rights issue'

09.06.08
UK clearing banks were lined up to bail out Bradford & Bingley's £400 million fund-raising... more

Watchdog sniffing out bonus peril

16.05.08
I despair of ever getting banks to realise that incentivising staff to do deals, make loans and expand the balance sheet regardless of the quality is asking for trouble... more

City turning a blind eye to market abuse, FSA tells MPs

07.05.08
The financial watchdog accused City firms of turning a blind eye to market abuse and called for the introduction of plea bargaining to bolster its fight against insider trading.... more

FSA staff get same bonuses in spite of bank crisis

06.05.08
The watchdog which admitted a catalogue of failures over the Northern Rock crisis has dished out the same level of bonuses to staff as last year... more

Era of cheap mortgages over says City watchdog

27.02.08
Millions of homeowners have been warned they face higher mortgage bills amid predictions the cheap credit era is over... more

£5.7 billion HBOS sees a difficult time ahead

27.02.08
HBOS, Britain's fourth-largest bank and owner of the biggest mortgage lender Halifax, has warned that it expects financial market conditions to remain uncertain throughout 2008... more

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