Nikhil Rathi, chief executive of the FCA, has previously described the LCF scandal as “sobering”.
He said: “We know that the FCA must make faster and more effective decisions, prioritise the right outcomes for consumers, markets and firms, and reform our approach to intelligence and information sharing.
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“Our continuing action plan, specifically on our wider transformation programme and high-risk consumer investments, seeks to do this.”
imogen.tew@ft.com
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