FCA signals litigation threat as it highlights priorities
CEO Nikhil Rathi pledged to use the watchdog’s criminal powers to deal with misconduct and financial crime.
The CEO of the Financial Conduct Authority said the organisation would “test its powers to their limits” to ensure market integrity as he outlined the regulator’s priorities for the future in a speech at the Lord Mayor’s city Banquet at Mansion House yesterday (22 September).
In the speech, Rathi, who took up the CEO post in October 2020, commented: “We have often been criticised for acting slowly or with too much risk aversion. This is changing. We are applying a bolder risk appetite in
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