Nikhil Rathi reappointed as chief executive of FCA

(Sharecast News) - The Chancellor said on Thursday that Nikhil Rathi has been reappointed as chief executive of the Financial Conduct Authority for a second term.  It said that since he joined in October 2020, the financial watchdog has undertaken reforms to strengthen the UK's position in wholesale markets, including "the biggest changes to the listing regime in over three decades".

The FCA said it had worked to reduce and prevent serious harm by ensuring firms meet expected standards at authorisation while reducing the time it takes for them to get approved, bringing more criminal charges last year than ever before and by cutting investigation times.

In March 2025, it published a new five-year strategy with four priorities: to be a smarter regulator, support economic growth, help consumers navigate their financial lives and fight financial crime.

Rathi said: "I am honoured to be reappointed by the Chancellor. The FCA does vital work to enable a fair and thriving financial services sector for the good of consumers and the economy. I am proud of the reforms we have delivered to support growth, bolster operational effectiveness, set higher standards and to keep our markets clean and open.

"While we must go further and faster in this age of volatility, the UK is well placed as a major international financial centre."