UK FSA calls for more funds again


The UK Financial Services Authority (FSA) on Tuesday asked for a 10.1% increase in its funding requirement as a result of the more intense supervision it is engaged in, its role in pushing the Basel III standards and its preparations to split.

"The completion of the FSA's changes to move to a more intensive approach to financial services regulation has inevitably led to some increase in the cost base," said Hector Sants, chief executive of the regulator. The funding requirement goes from £454.7

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