Bloomberg News

FSA Chief Hector Sants May Warn U.K. Banks on Bonuses, Sky Says

January 06, 2012

Jan. 6 (Bloomberg) -- The U.K. Financial Services Authority Chief Executive Officer Hector Sants may warn United Kingdom- based bank executives about their bonus plans, Sky News reported today without saying where it got the information.

Sants may reject bonus plans unless banks demonstrate they are retaining sufficient capital as financial conditions worsen, Sky reported.

To contact the reporter on this story: Schuyler Clemente in London at sclemente1@bloomberg.net

To contact the editor responsible for this story: Tuhin Kar at tkar1@bloomberg.net


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