The cost of UK’s Financial Conduct Authority's “voluntary resignation programme” has jumped almost 11-fold two weeks after initial reports on the matter, according to the watchdog's latest figures.
Financial News reported in June that the regulator had paid out £640,100 in severance payments for 93 senior staff who took advantage of the regulator’s so-called mutually agreed resignation scheme, or Mars, in the year to April. That was according to FCA responses to a Freedom of Information request by FN.
