The outgoing chief risk officer at Lloyds Banking Group is being linked to a senior post at the regulatory bodies replacing the Financial Services Authority.
The Financial Times reports that Carol Sergeant is considered a strong contender to head one of the organisations that will be created when the FSA is abolished in 2012.
These include the Consumer Protection and Markets Agency and the Prudential Regulatory Authority.
Sergeant worked at the Bank of England from 1974 to 1997 before moving to the newly formed FSA.
She joined Lloyds in 2004 and was promoted to the board in 2008.