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21 May 2012

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FSA to hire 460 new regulators for Solvency II and more “confrontational” approach

23 March 2010

The Financial Services Authority (FSA) has set out a demanding 2010 programme, requiring greater resources and an "inherently more confrontational and risky" approach.

Outgoing FSA chief executive Hector Sants reaffirmed the message that the old "light-touch" is being replaced by a new, pro-reform approach.

Sants' comments come as the regulator said it would hire 460 additional staff this year to help in the implementation of the Solvency II regime and to deliver a more intensive supervisory approach.

In the FSA&#...

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