FSA break-up to see bank compliance roles surge

Of those retail bank human resource directors surveyed, 67% said they would be hiring more staff to cope with the transition from the FSA to its replacements, the Financial Conduct Authority (FCA) and Prudential Regulatory Authority (PRA), which come into being on 1 April 2013. According to BrightPool, not a single respondent said the change would lead to a reduction in compliance and risk jobs in retail banks, in a sign that the break-up of the FSA is adding to the staffing cost of regulation for the banks. Angela Hickmore, managing director at BrightPool, said: "Banks are concerned ...