The Financial Services Authority (FSA) and its successors are to spend as much as £5m on hiring outside consultancies to carry out economic analysis.
The City regulator, which later this year will be split into two, is looking for external economists to carry out a range of analysis. Tender documents seen by the Sunday Telegraph show that the FSA - on behalf of one of its successor agencies the Financial Conduct Authority (FCA) - is looking for as many as five consultancies. Those selected will be placed on an FCA roster to carry out work that includes economic analysis of market failures, competition analysis, and the cost-benefit of regulation. As well as working for the FCA, those chosen may be used by the Bank of England, an...
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