Recruitment and staff retention a challenge for the FSA

The FSA aims to press on with plans to hire an extra 400 staff, 260 of these in its supervisory practice, as set out in its business plan for 2010/11, despite the organisation being abolished by 2012.

"There are risks posed with any structural change and one of the main risks is the retention and recruitment of staff," says Hector Sants, chief executive of the FSA, who will be the first chief executive of the new prudential supervisory authority. "Undoubtedly the new structure might deter some

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