FSA closes the door on troubled year

The partnership of Lord Turner and Hector Sants at the helm of the FSA coincided with one of the worst financial storms to face the regulator. IR&A looks at the FSA’s annual report to find that firms can expect a very different FSA in future

For Lord Turner, who had something of a baptism of fire taking up the role of chairman from Callum McCarthy just in time to face the onset of the financial crisis, 2008 was “an extremely difficult one for regulators”.