Apart from the fact that the Conservatives have promised to dismantle the FSA if they get in, there’s speculation that they want him to become a deputy governor of the Bank of England.

The Times: The Shadow Chancellor, George Osborne, has already made clear that an incoming Conservative government would abolish the FSA and hand over its regulatory responsibilities to the Bank — a pledge which FSA insiders say has made it difficult both to recruit new staff and retain existing ones.

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Including the boss it seems. Although Mr Sants said today:

“When I was appointed I told the board that I planned to serve as chief executive for three years, and I intend to stick to that timetable.

Of course, those three years have encompassed the most extraordinary circumstances for a financial regulator, and I am very proud of the manner in which the FSA rose to the challenge of dealing with such unprecedented turbulence across global financial markets.”

If the wind up comes, there’ll be no envy for those left at the bitter end.