Another fine mess George Osborne has got us into

Posted on / Companies / Financial Services - Tories stifle FSA staffing drive.

The Financial Services Authority’s efforts to strengthen its supervisory and enforcement work by recruiting hundreds more staff have been thrown off course by the Conservative party’s plan to disband the regulator. Since George Osborne, shadow chancellor, said last month he would shift the FSA’s core supervisory role to a beefed-up Bank of England, and set up a Consumer Protection Agency to handle the rest of the body’s work, the regulator has suffered a crisis of confidence affecting some top staff and potential recruits, according to headhunters, consultants and FSA insiders.

Thanks George. Just great to undermine the regulators on behalf of your friends, isn't it?