FSA to pay over the odds for top staff - Turner

In an interview with the Guardian, Turner says the FSA will employ higher-paid staff to scrutinise financial institutions in the wake of the credit crisis. "Poachers turned gamekeepers are very attractive to hire. The FSA, in relation to systemically important firms, was trying to do regulation on the cheap," Turner says. "We will have more people than before looking at the high-impact, systemically important firms with major knock-on effects than we did before. We will pay more than necessary to attract the correct quality of people from outside.” Turner has warned the City the FSA will...