UK regulator should add supervisors, FSB says

09/11/2013 | Bloomberg

The Financial Stability Board has recommended that the UK Prudential Regulation Authority add staff, given that only 150 supervisors are responsible for 1,300 "lower-impact firms". "It is unclear whether the number of frontline supervisors overseeing smaller firms, which collectively can pose risks to financial stability, will be sufficient to satisfy the mandate of the PRA and ensure their effective oversight," according to the FSB, which is led by Bank of England Governor Mark Carney.

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