The Latest Breaking News from Nikhil Rathi

MPs accuse banks of ‘blatant profiteering’ as savings rates remain low

Commons Treasury committee writes to four largest banks, saying they risk falling foul of incoming City rules

The Guardian - UK · Jul 3, 2023

Mortgage pressures will not tip UK into wave of repossessions, FCA says

After a meeting between Jeremy Hunt and bankers at No 10, Nikhil Rathi says there will be ‘no repeat’ of 2008

The Guardian - UK · Jun 23, 2023

UK may ditch premium listings to boost LSE's appeal

LONDON: The UK is proposing "significant changes to the listing rulebook" in a bid to make London more attractive as a financial centre as moribund capital markets stoke fears about the city's ability to compete with New York and Asian hubs.

Bangkok Post · May 4, 2023

Banks could be FORCED to up interest rates for savers under new rules

Banks have been slammed over the last year for their slow response in increasing their interest rates for savers alongside the Bank of England rises

Daily Mirror · Apr 21, 2023

Regulator warns UK banks over miserly savings rates for loyal customers

FCA says it will consider ‘onerous interventions’ if it concludes ‘loyalty penalty harms’ not being addressed

The Guardian - UK · Apr 20, 2023

‘Harm to loyal savers will have increased with interest rate rises’

Financial Conduct Authority chief executive Nikhil Rathi was responding to the Treasury Committee, which has been looking into savings rates.

The Independent UK · Apr 20, 2023

MPs pressure banks over failure to pass on rising interest rates to savers

Senior MPs have stepped up the pressure on City watchdog, the FCA, over the apparent failure of high street banks to pass on rising interest rates to savers.

Evening Standard · Mar 22, 2023

Regulators say pensions system needs change after mini-budget turmoil

The Pensions Regulator said that there are important lessons to be learned in how schemes invest the money of pension holders.

The Independent UK · Dec 14, 2022

Political intervention would undermine City regulators, says FCA

Watchdog tells MPs plans to allow ministers to amend regulations would dent UK’s reputation

The Guardian - UK · Nov 7, 2022

Financial Conduct Authority names Hong Kong regulator as chair

Ashley Alder will join UK watchdog, which is mired in internal strife, in January 2023

The Guardian - UK · Jul 8, 2022