The number of staff at the new financial services regulator will be approaching 4,000 by the time it comes into force next month.
The Financial Services Authority (FSA) officially splits into the Financial Conduct Authority (FCA) and the Prudential Regulatory Authority (PRA) on 1 April. According to a Freedom of Information (FoI) request submitted by IFAonline, the FSA has already begun bumping up staff numbers in preparation for the changes. By the end of January this year, it had a total of 3,817 staff, some 136 more than at the same point the previous year. And the FoI data suggested staff numbers will increase again to 3,960 in April when legal cutover (LCO) from FSA to FCA and PRA is completed. The FCA w...
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