The number of FSA resignations has doubled since news of its imminent demise. Not really surprising, is it?
It can’t be easy working at the Financial Services Authority these days. Once Gordon Brown’s favourite regulator, it's now facing the chop courtesy of Chancellor George Osborne, who has decided that it should carry the can for the failures leading up to the financial crisis. And as you'd expect of an organisation doomed to closure, staff are abandoning it in their droves - resignations have soared in recent months. Not exactly surprising; but it's a reminder that with Osborne yet to set a firm date for its demise, those in charge are facing an almost impossible management task...
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