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Profile: Hector Sants

Hector Sants was a participant or observer in the following events:

The chief executive of the British Financial Services Authority, Hector Sants, tells a hearing of the Treasury Select Committee that the regulator did not expect distressed bank Northern Rock to run into trouble. He tells MPs, “In terms of the probability of this organization getting into difficulty, we had it as a low probability.” He also admits that there are “lessons to be learned” from the failed regulation of Northern Rock. [BBC, 8/5/2008]

Entity Tags: Hector Sants, Financial Services Authority

Timeline Tags: Global Economic Crises

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