FSA to hire 450 staff for market abuse crackdown

The expansion, which will cost an extra £41m, will help the FSA tackle "unacceptably high levels of market abuse" Sants said in a weekend interview. However, Sants says he does not believe the UK is any worse than other major financial centres, but believes they should not be considered a benchmark. Further details of how the FSA will use these new staff are expected in this week's business strategy report. New hires will include investigative lawyers and experts in capital requirements and macro-prudential regulation. The news follows on from Sants's speech at the Annual Lubboc...