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FCA loses 49 staff from its supervision and enforcement teams
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The Financial Conduct Authority has lost 49 senior employees from its supervisory and enforcement teams as part of a ‘voluntary resignation programme’, stoking fears that star workers are fleeing the regulator as it battles a morale crisis and backlogs created by Brexit and the pandemic.
Some 93 senior staff took advantage of the UK markets regulator’s so-called mutually agreed resignation scheme — or Mars — in the year to April 2021, Financial News reported in June. The FCA’s annual report,
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