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Holmes Search LogoBritish financial firms are worried about not having enough staff to deal with compliance and regulatory issues and believe this shortfall could dampen their prospects in coming months, a survey found.

Reuters reports that nearly a third of financial companies said staffing constraints would likely cap business this year, the highest level citing such a concern since March 2006, a survey by lobby group the Confederation of British Industry (CBI) and accounting and consultancy firm PricewaterhouseCoopers (PwC) showed.

Specialists in compliance and financial regulation are in particularly high demand, after the debt crisis exposed huge gaps in regulation and standards and led to a swathe of new controls and stipulations affecting the sector.

Hit the link below to access the complete Reuters article:

UK finance firms fear compliance staff shortages - survey

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