FSA in recruitment drive despite break up - papers

The Government intends to merge the regulator's enforcement division with the Serious Fraud Office and part of the Office of Fair trading. However, lobbying by affected groups and differences between government departments may mean the FSA will retain its enforcement powers and become part of a planned new Consumer Protection and Markets Authority, the Times reports. Analysts say Margaret Cole, the FSA's head of enforcement and financial crime, would like to run the new agency and take her division with her. Read more...