FSA’s Sants Says PRA Should Have Power to Probe Banks, FT Says

U.K. Financial Services Authority Chief Executive Officer Hector Sants said the new regulator being set up to take over the supervision of large U.K. financial institutions in 2013, the Prudential Regulatory Authority, should be given the power to investigate bank failures and publish its findings, the Financial Times reported, citing an interview.

To contact the reporter on this story: Blanche Gatt in London at bgatt@bloomberg.net

To contact the editor responsible for this story: Colin Keatinge at ckeatinge@bloomberg.net.

Bloomberg reserves the right to edit or remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.