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UK Financial Services Authority: FSA announces annual funding requirement for 2012/13

( February 2, 2012, 15:29 GMT | Official Statement) -- MLex Summary: The UK's Financial Services Authority will implement major EU policy initiatives including Solvency II, continue to supervise firms, carry out capital and liquidity assessments, plan recover and resolution regimes, focus on staff quality and deliver on consumer protection initiatives the Retail Distribution Review and Mortgage Market Review this year The FSA, which has published probably its last annual funding requirements before splitting into two supervisors, needs 578.4 million pounds and will cap staff levels and restrict core operating costs in line with inflation.Full press release follows below....

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