The regulator will continue to learn lessons from its past mistakes and focus on improving operations to benefit consumers and financial markets, Financial Conduct Authority (FCA) chief executive Nikhil Rathi has said.
Rathi, speaking at the FCA's annual public meeting today (12 October), made the comments in response to a question which asked: How do you intend to address the scale of regulatory failure in the FCA? Rathi said the regulator recognised that "not everything has gone as well as it should have in the past". He referenced the Gloster Review into the regulator's actions linked to London Capital & Finance, as well as other independent reviews, like the investigation into Connaught. Interim chair Richard Lloyd also referenced the Gloster Review in his opening speech at the meeting. Rathi...
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