FCA CEO warns easing financial regulations could attract "bad actors" and harm consumers.

The Financial Conduct Authority (FCA) CEO, Nikhil Rathi, warned that relaxing financial regulations could attract "bad actors" and increase risk-taking in the finance sector. Chancellor Rachel Reeves proposed easing post-2008 economic crisis regulations, arguing they have gone too far. Rathi acknowledged that some market failures are inevitable for economic growth, but consumer groups caution that this could harm ordinary people more than it benefits the economy.

3 months ago
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