FSA suffers staff exodus ahead of regulatory overhaul

Ahead of the split-up of the regulator, which will be completed in early 2013, 352 employees quit the FSA over the past 12 months compared with 181 the year before. The revelations came in response to a Freedom of Information request from the Independent with the FSA attributing the increase to changing economic conditions. Kathleen Reeves, human resources director at the FSA, said: "Staff turnover levels fell during the crisis but are now starting to return to the level you would expect as recruitment picks up in the financial services sector." The FSA added last year's departure ...