FCA to make 100 hires to stop 'bad firms' achieving authorisation

For firms who do not meet expectations

Sophie King
clock • 2 min read
The FCA's Nikhil Rathi has said the regulator intends to make circa 100 new hires.
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The FCA's Nikhil Rathi has said the regulator intends to make circa 100 new hires.

Financial Conduct Authority (FCA) chief executive Nikhil Rathi has said the regulator will be hiring circa 100 new employees to help prevent 'bad firms' getting authorisation.

Unveiling the FCA's 2021/21 business plan on Thursday (15 July), Rathi (pictured) told delegates: "While oversight continues through the regulatory lifecycle, it starts at the gateway. "If you let...

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