With John Tiner due to step down as FSA boss within weeks, the market is wondering who will replace him as regulator-in-chief.

The FSA has been typically tight-lipped about his replacement, but sources point to Hector Sants, head of the FSA’s wholesale arm as being the leading candidate.

With his background in the banking sector, Sants is widely liked in the City.

Clive Briault, the FSA’s retail division head, and David Kenmir, head of regulatory services are also thought to be in the running, along with two external candidates.

A final decision may not be made until after Tiner steps down on 20 July.

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