FCA staff vote yes to strike action if no deal reached with Rathi

Nikhil Rathi, Financial Conduct Authority CEO

Financial Conduct Authority staff who are members of Unite have voted to support strike action in an initial ballot with the union warning CEO Nikhil Rathi not to wage "war" and that "the ball is in FCA’s court now".

This came as the union confirmed this morning that FCA Unite members voted 87% in favour of industrial action against proposed cuts to pay and conditions.

Unite said it will next attempt to reach an

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MPs demand answers surrounding FOS CEO’s exit

The Treasury select committee has written to both the Financial Conduct Authority and Financial Ombudsman Service about the circumstances which surrounded the departure of CEO and chief ombudsman, Abby Thomas, last week.

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