NRI Nikhil Rathi reappointed as Chief Executive of the Financial Conduct Authority

Los Angeles/ Apr 13, 2025
NRIpress.club/Ramesh/ A.Gary Singh

NRI Nikhil Rathi will lead the FCA as it continues to drive reform to make the UK the best place to do business by removing unnecessary, outdated and duplicate regulations - whilst ensuring consumers are protected from detriment and can be confident in markets. 

Last December, the Prime Minister and Chancellor set the FCA the challenge of coming up with ideas to boost economic growth.  Since then, the FCA, under the leadership of Nikhil Rathi, has stepped up to this challenge to come up with a series of policy changes to boost growth, which will have benefits in the real economy. This includes making it easier for people to get on the housing ladder through changes to the rules on mortgages and extra support to help financial services firms start and grow in the UK. 

The Chancellor has since doubled down on the agenda to reform regulation with the radical Regulatory Action Plan. This cuts red tape by pledging to reduce the administrative cost of regulation on business by a quarter, to make Britain the best place in the world to do business.   

The government started this programme of regulatory reforms by merging the Payment System Regulator primarily into the FCA to allow a more coordinated and streamlined approach, with a payments sector that promotes innovation and competition

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