Watchdog Bonus Anger

Summary


DESPITE admitting failures over the Northern Rock crisis staff at the Financial Services Authority have been paid more than pounds 13m in bonuses.

Performance-related payments totaling pounds 13.9m were paid to staff at the City watchdog in 2007-08 for what chief executive Hector Sants said reflected "excellent" work across the organisation.

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Extract


Watchdog Bonus Anger

But the FSA refused to say if the bonuses were paid to staf...

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