Staff 'haemorrhaging' could leave FSA unable to cope with reform
Doubts have been raised over whether the Financial Services Authority (FSA) has the resource to cope with impending regulatory reform as the consultation period for the plans came to an end.
Ahead of 2012's plans to split regulation between three separate bodies, the Prudential Regulation Authority, Consumer Protection and Markets Authority and Financial Policy Committee, the FSA is to informally divide its powers between a prudential group and a consumer and markets body early next year.
However, following the completion of HM Treasury's consultation last month, the International Underwriting Association (IUA) has warned that a lack of qualified staff could threaten to undermine
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