FSA plans to hire 460 staff to boost supervision and implement Solvency 2
The Financial Services Authority (FSA) has published its business plan setting out its priorities for 2010/11.
The plan included the announcement that it will be recruiting an additional 460 staff in 2010 to implement Solvency 2, and to deliver the intensive supervisory approach needed for the very largest firms.
The regulator said the plan was a demanding programme of work for the year requiring greater policy and supervisory resources, and focusing on a number of key areas: delivering effective supervision backed by credible deterrence in enforcement; continuing to embed the organisational and cultural
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