'We Lost Sight of Rock'

Summary


HECTOR Sants, the City's chief regulator, is to draft in up to 100 risk management experts at the Financial Services Authority as a priority in the wake of the Northern Rock debacle.

It is understood he intends to recruit the supervisory staff even though the FSA is committed to cutting staffing by about ten per cent.

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Extract


'We Lost Sight of Rock'

The decision has emerged days before the...

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