Sharp rise in staff exiting FSA

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A Freedom of Information request submitted by The Independent newspaper has shown that 352 employees quit the FSA over the past 12 months, compared with 181 the year before.

The exodus came as preparations were underway for the financial watchdog to split into two separate bodies with responsibility for broker regulation falling on the Financial Conduct Authority.

In November last year doubts were raised over whether the FSA had the resources to cope with the reform expected of it.

At the time

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