Fsa Budget to Rise by 10 Per Cent - and Extra Cash Will Be Used to Get Tough
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Summary
THE Financial Services Authority (FSA) is to boost its budget this year by 10 per cent in order to provide a more "confrontational" style of supervision.
Under the regulator's business plan for 2010-11, it will hire an additional 460 staff to support its new intensive supervision regime and to deal with new European Union insurance rules. Total staff numbers will rise from about 3,300 to more than 3,700, but FSA employees will have their pay frozen in 2010-11, the regulator confirmed.See the full content of this document
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Fsa Budget to Rise by 10 Per Cent - and Extra Cash Will Be Used to Get Tough
The FSA, which raises its funds by levy, will have a budget of GBP 454.7 million.
Chief executive Hector Sants, who is set ...See the full content of this document
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