Hector Sants, current chief executive of the Financial Services Authority (FSA), is not the right man to lead the London-based regulator's successor body the Prudential Regulatory Authority (PRA), one of the Conservative Party's chief spokesmen on financial services has declared.
"I have deep reservations about Hector Sants getting the PRA role," said Michael Fallon MP, a senior member of the cross-party Treasury Select Committee.
"It's fair to say other members of the committee share my reservations about his suitability," he added.
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