Sants: We are considering TSC recommendations on RDR


FSA chief executive Hector Sants insists the regulator is considering the Treasury Select Committee's recommendations on the RDR, following an angry letter from TSC chairman Andrew Tyrie.

He wrote that he can "assure" the committee the FSA is "considering carefully" its recommendations. In his letter to Sants yesterday, Tyrie said the speed with which the FSA dismissed the TSC's suggestions, which included to delay the RDR by one year, was "unacceptable". Tyrie was critical of what he said was a "peremptory" response from the FSA after the TSC published its recommendations last weekend. The FSA released an embargoed response to the TSC report, ruling out a delay to RDR implementation. Tyrie wrote: "We deprecate the [FSA's] actions. It was precipitate, giving the ...

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