FSA boosts staff since financial crisis

This week's report into the 2008 collapse of the RBS showed in its "light touch" phase before the financial crisis, represented in staffing levels. At one point in 2007, a single person was responsible for the investment banking arms of both RBS and Barclays, according to the Financial Times. The FSA has since scrapped its hands-off approach and hired more staff. The RBS team now has about 23 members and supervisors can draw on the FSA's 253 specialists for help on complex issues such as capital and liquidity. Those figures put the UK broadly in line with other jurisdictions that s...