UK markets must remain open to reform to remain competitive, Nikhil Rathi, the Financial Conduct Authority's chief executive, has said.
Speaking at the FCA International Capital Markets conference today (8 October), Rathi called on all areas of the financial services sector to corroborate in order to mitigate increasing volatility and risk. He stressed the need for the regulator to "shift from reactive, to proactive regulation…and a system guided by good outcomes, not just rules for the sake of it". This was part of the CEO's vision that "capital markets have a crucial role to play" in driving the economic growth and development". But in order to do this, Rathi said "we need a new mindset towards risk". Sarah Pri...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
