FSA costs to break £200m
The Financial Services Authority's annual budget is expected to break the £200m threshold for the first time this year, partly as a result of impending regulation of mortgage business and insurance brokers.
According to the FSA's annual business plan, staff costs will be some £7m higher for the year starting this April, while the total additional cost for mortgage and general insurance broking regulationOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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