The irresistible rise of the regulation industry

Whether investment bankers are good at running businesses is a debatable point. There is, however, l...

Whether investment bankers are good at running businesses is a debatable point. There is, however, little question that they are good at spotting new opportunities. That is why the decision by Hector Sants to join the UK's FSA is so interesting. Sants, 48, was running the European division of Credit Suisse First Boston - there might be a few better jobs than that in the European banking world, but not many. Before that, he held senior positions at UBS Warburg and at Donaldson, Lufkin & Jenrette. Now he is going to be at the FSA, and not even in the top job. He will be overseeing investmen...