FSA in confusion as chief Hector Sants quits regulator - Telegraph: "A Tory source insisted that Mr Osborne did 'not see this as the end of Hector's public service career'. Others suggested that Mr Sants had fallen out with Lord Turner, the regulator's high-profile chairman. But an FSA spokesman denied such 'conspiracies'."
Never discount anything. Quite a few of my contacts threw this one in the pot.
However, I am with Hector in wishing to retain the FSA, this country doesn't need any more instability.