Sir James Sassoon tipped for Lord of the City role
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Sir James Sassoon is expected to be appointed to a ministerial role driving reform in the City and to be appointed to the House of Lords as the Government’s key business spokesman.
Sir James joined the Treasury full-time in 2002, but quit in 2008 just before the banking crisis.
After leaving the Treasury in 2008 he produced a report for the Conservatives on banking reform advocating, among other measures, the proposal to scrap the FSA and move macro-prudential regulation to the Bank of England.
Since forming the coalition Government with the Liberal Democrats, the Tories are widely expected to drop their plans to scrap the FSA, which was not part of the published coalition agreement.
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