Former FSA head Hector Sants who was accused of being "asleep at the wheel" in run-up to financial crash becomes a Sir

City watchdog accused of being 'asleep at the wheel' in run-up to financial crash becomes a SirHector Sants, who headed financial regulator for five years, knightedFSA so discredited during financial crisis it is to be scrapped next year Mr Sants recently landed a 3 million job at scandal-hit Barclays PUBLISHED: 00:23 GMT, 29 December 2012 | UPDATED: 00:23 GMT, 29 December 2012 Honoured: Hector Sants, who spent five years as head of the FSA, has been given a knighthood despite widespread criticism of how the regulator failed during the financial crisis A city regulator accused of being ‘asleep at the wheel’ in the run up to the financial crash is knighted in the honours list. Hector Sants, who spent five years as head of the Financial Services Authority, receives the honour despite widespread criticism that the regulator had failed during the banking crisis.