Nikhil Rathi pledges to make the FCA more assertive and quicker in stamping out wrongdoing and consumer harm

Nikhil Rathi, Financial Conduct Authority CEO

The Financial Conduct Authority has launched a three-year strategy to improve outcomes, with the CEO Nikhil Rathi pledging to make the regulator more assertive and quicker in responding to changing financial services sector.

The regulator said the three-year strategy prioritises resources to prevent serious harm, set higher standards and promote competition.

A key focus for the strategy will be shutting down “problem

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City minister Siddiq is replaced by Reynolds

Less than 24 hours before she was due to appear at the British Insurance Brokers’ Association’s Manifesto launch, Tulip Siddiq has resigned as Treasury minister and been replaced by Labour MP Emma Reynolds.

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