The Financial Services Authority’s efforts to strengthen its supervisory and enforcement work by recruiting hundreds more staff have been thrown off course by the Conservative party’s plan to disband the regulator, the FT said. Since George Osborne, shadow chancellor, said last month he would shift the FSA’s core supervisory role to a beefed-up Bank of England, and set up a Consumer Protection Agency to handle the rest of the body’s work, the regulator has suffered a crisis of confidence affecting some top staff and potential recruits, according to headhunters, consultants and FSA insiders.

This entry was posted by Stacy-Marie Ishmael on Monday, August 17th, 2009 at 4:45 and is filed under Capital markets, People. Tagged with fsa, george osborne. Edit this entry.