Sants says he knew there would be big implications for the high street banks.

桑兹说，他知道这会对那些大银行带来重创。

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“We recognise, ” says Mr Sants, “that good regulation is a key component of a successful marketplace.”

“我们认为”，Sants先生说，“良好的监管是市场成功的一个重要因素。”

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Shortly afterwards, Varley called Sants and told him that Barclays was pulling out of the negotiations.

不久之后，华莱给桑茨打电话告诉他，巴克莱银行正在退出谈判。

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Hector Sants, the former chief executive of the Financial Services Authority, is joining Barclays bank.

BBC: Hector Sants

Hector Sants, who was in charge of regulation at the start of the credit crisis, has been knighted.

BBC: Sir Alan Budd and Hector Sants on New Year Honours list

Mr Sants will be in charge of hundreds of staff around the world and will report directly to Mr Jenkins.

BBC: Hector Sants