Twitter icon Email alerts icon Latest News RSS icon Magazine icon Stay connected:

View the article online at http://citywire.co.uk/wealth-manager/article/a743643

FCA funding needs rise by £6.3m to £452m

by Dylan Lobo on Mar 31, 2014 at 07:55

FCA funding needs rise by £6.3m to £452m

The Financial Conduct Authority’s budget has increased by 1% to £452 million.

The £6.3 million increase was revealed in the watchdog's annual business review.

The finanical watchdog said the increase would be directed towards five areas.

* the cost of core operating activities

the total amount we charge the industry to fund our plans

* The development of information systems to deliver new regulatory and operational requirements

* The costs of delivering the new consumer credit regime and setting up the new Payment Systems Regulator

* The new competition objective

'We will be increasing our headcount to help us deliver our competition objective and consumer credit regulation. This includes those people transferring over to us from the Office of Fair Trading,' the FCA said in a statement.

'We will focus on integrating new staff, making the most of their skills and experience while ensuring that their career development here aligns with our culture and the value we place on continual personal improvement.'

Sign in / register to view full article on one page

1 comment so far. Why not have your say?

PCIAM

Mar 31, 2014 at 09:29

Average salary £75,000. SNM.

report this

leave a comment

Please sign in here or register here to comment. It is free to register and only takes a minute or two.

News sponsored by:

Sponsored Video: Bringing it all back home


As the UK coalition government strives to rebalance the national economy, so called 'reshoring' looks set to play an increasingly important role in economic recovery.

Today's top headlines

Investing for income in a changing environment


With talk on interest rates on the horizon, our latest roundtable debate covers income investing against a changing backdrop

More about this:

Archive

On the road

Click here to find out more from the Audience Development team.

Sorry, this link is not
quite ready yet