FSA staff exodus doubles in Q2

Katrina Lloyd
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Staff resignations doubled at the FSA in Q2 ahead of Government plans to split the regulator and the rise of more lucrative opportunities in the private sector.

  A total of 121 employees resigned from the FSA between the beginning of April and the start of July - up 138% from the 53 who left in the same period last year, according to the Financial Times. This is also a 95% increase from the first quarter of this year, according to statistics obtained by law firm Reynolds Porter Chamberlain through a freedom of information request. Although Hector Sants, chief executive, agreed to stay on through the reorganisation, his deputies Sally Dewar and Jon Pain, and Mark Norris, the chief operating officer, will leave. They are among 183 people...

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