Talking earlier than the Treasury Committee at this time (10 December), Rathi mentioned the FCA can not stop all of the damaging outcomes ensuing from extra threat taking, including that “someday within the subsequent few years, one or two extra issues will go unsuitable”.
Nevertheless, he continued that, this was vital with a purpose to change threat urge for food and bolster UK financial development.
The FCA CEO’s statements got here amid rising criticism from politicians and trade members that UK regulation is hampering threat urge for food for funding within the nation.
FCA has ‘close to unattainable’ job to steadiness development and client safety…
