The Treasury will begin to look for the next CEO of the Financial Conduct Authority in the first quarter of next year, as Nikhil Rathi is increasingly expected to not seek another term with the watchdog.
A Treasury spokesperson told Sky News that "the current CEO of the Financial Conduct Authority has a term running until 30 September 2025". In addition to Rathi's expected departure from the FCA, Sam Woods' term as the Prudential Regulation Authority's CEO will also expire in June 2026, after serving two terms with the UK regulator. "The recruitment process for the next term will be outlined in due course," the spokesperson said. News about Rathi's succession plans comes as Chancellor Rachel Reeves is set to introduce changes to the remit of both the FCA and the PRA in her Mansion ...
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