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Any chance of a worthwhile FSA boss now, Gordon?

Hector Sants was the presentable face of the FSA, used by this government to head off criticism after the previous incumbent – Nero’s long-lost cousin – was dumped for being totally unaware of what was going on around him.

Prime Minister Gordon Brown should take this chance to appoint someone who is independent and knowledgeable, not someone who works in the interest of banks and has one eye on a knighthood.

Alternatively, to ensure the whole industry ends up in chaos again he could give the job to someone like City minister Paul Myners or even our old friend Sir Fred Goodwin.




The Conservative Party fails to apply the sense check

It was clear from the Mortgage Market Review that the Financial Services Authority had a very limited understanding of the value of a self-cert mortgage for many, primarily self-employed, people.

Rightmove’s share price jumps

Rightmove saw its shares leap last week after increasing its profit forecast for 2010. A statement issued by the board of Rightmove, the country’s largest home search website, states: “We are confident that 2010 profits will be above current market expectations, subject to no significant change in market conditions.” Following the announcement last Tuesday the […]


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