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Evening Standard
Evening Standard
Henry Saker-Clark

Cutting red tape could attract more bad actors in finance sector, says FCA boss

FCA Nikhil Rathi the Treasury Select Committee
FCA begins probe into debanking with questionnaire on account closures (Alamy/PA) -

The boss of the UK financial regulator has warned it will not “be able to stop everything”, amid concerns that plans to cut red tape will encourage bad actors.

Financial Conduct Authority (FCA) chief executive Nikhil Rathi told MPs on the Treasury Select Committee that there will be increased risk-taking as part of proposed changes by Government.

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