Conservative threat to FSA stymies hiring spree

LONDON - The UK Conservative party's promise to dissolve the Financial Services Authority (FSA) should it be elected into government next year is stifling a staffing drive at the regulator.

The City watchdog's strategy to strengthen its supervisory and enforcement divisions as part of an internal restructuring plan, brought about by the Turner Review, has been put into political limbo, as elections next year could render the process irrelevant. The opposition party revealed its plans, in a July

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