The executive board of the Financial Conduct Authority (FCA) is concerned about the rate at which its staff leave the organisation, and is also considering an independent review into its decision making processes, minutes of its latest meeting have revealed.
In a transcript of the board's December meeting, it was recorded that the rate of "external turnover of staff had increased to 9%". The minutes also read that "the executive was monitoring areas of concern". External turnover of staff means the staff that have left the FCA as opposed to those that have changed positions internally. Figures released as part of a freedom of information request last November revealed the FCA's staff were quitting at an annualised rate of 12% in the six months to September, following the split of the regulator into two bodies. This was almost twice as ...
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