Hector Sants, the CEO of the Financial Services Authority (FSA), has resigned.
Sants will leave the FSA this summer. He will have held the job for 3 years.
He has been in a corner for sometime now and, in the event that the Tories win the next election, knows that the Tories will shut down (or most certainly emasculate) the FSA.
He has chosen a good time to jump ship.