FCA spends £77k on external consultancies

The regulator issued two contracts in the last half year as part of its Economic Consultancy Services Framework for which the then Financial Services Authority (FSA) had put aside £2m-£5m. One assignment was handed to GHK Consulting, which was tasked with gathering data on firms in consumer credit sectors to identify the main business models and their links to the risk of consumer detriment. The other was issued to Frontier Economics, which supplied someone to the FCA to work in Frontier Economics' chief economist's department for one month. In total, the FCA appointed ten consulta...