Published 3 months ago • loading... • Updated 3 months ago

Financial Conduct Authority boss says MPs' criticism 'not fair'

Nikhil Rathi, chief executive of the Financial Conduct Authority, said MPs' criticism is "not fair" regarding the watchdog's reform efforts.
Rathi stated the FCA is "tackling financial crime... On a scale that has never been done before in the UK" and achieving record prosecutions.
A Treasury spokesperson noted that the FCA has made several changes after extensively reviewing issues raised by the report.

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Kent Online

+5 Reposted by 5 other sources

Head of financial watchdog says critical report is not fair

Financial Conduct Authority chief executive Nikhil Rathi as defended the organisation after the report by MPs and peers.

3 months ago·Kent, United Kingdom

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BBC News

Financial Conduct Authority boss says MPs' criticism 'not fair'

Nikhil Rathi says the organisation has improved, but a report says its culture has "got worse".

3 months ago·United Kingdom

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City AM

FCA boss says criticism from MPs is not fair

The chief executive of the UK’s financial watchdog has said criticism of the organisation by a group of MPs and peers is not fair. A cross-party parliamentary group, comprising 30 MPs and 14 peers, presented a report on the Financial Conduct Authority (FCA) to Parliament on Tuesday. It condemned the FCA as “incompetent” and “dishonest” and warned the body needs an urgent overhaul. But chief executive Nikhil Rathi defended the FCA, saying it was …

3 months ago·London, United Kingdom

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India Daily Mail

Financial Conduct Authority employer states MPs' objection 'unfair'

The employer of the UK’s financial guard canine has truly said objection from MPs that it has truly stopped working to alter after years of detraction is “not fair”. Nikhil Rathi, president of the Financial Conduct Authority, said it’s “tackling financial crime… on a scale that has never been done before in the UK”. He was replying to a document from a cross-party crew of MPs which said the FCA was “incompetent” which its society has “got worse …

3 months ago

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mnnofa.com

Financial watchdog says MPs’ criticism ‘not fair’ – Mnnofa

The boss of the UK’s financial watchdog has said criticism from MPs that it has failed to reform after years of scandal is “not fair”. Nikhil Rathi, chief executive of the Financial Conduct Authority, said it is “tackling financial crime… on a scale that has never been done before in the UK”. He was responding to a report from a cross-party group of MPs which said the FCA was “incompetent” and that its culture has “got worse rather than better”.…

3 months ago

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