Guilty parties

Amid the stream of bad news it warms Mole\'s heart to hear a happy tale so he was pleased as punch to find that the folk at the Financial Services Authority didn\'t miss out on the festivities at Christmas time.

It turns out the FSA’s 2,800 staff were treated to three Christmas parties at a cost of more than £200,000.

A spokesman for the regulator apparently said that the parties were necessary to maintain staff motivation after a tough year.

Mole agrees that 12 months of ignoring brokers battling with networks over fees and missing glaringly obvious mistakes by major players while coming down like a ton of bricks on the little guys must leave one a little tired and in need of a £200,000 p**s-up.

Heart-warming stuff indeed.