FSA execs face Treasury Committee

The head of the Financial Services Authority (FSA) is to appear before the Treasury Select Committee as part of its evidence session on the work of the regulator. Lord Turner, the new chairman of the FSA, and Hector Sants, chief executive, will be asked primarily about the FSA’s Annual Report 2007/8, including performance and priorities for the regulator, but the panel also intends to quiz the pair about the future of principles-based regulation, the Treating Customers Fairly initiative, financial capability, the Retail Distribution Review and the regulation of retail banking.