The FCA intends on litigating more FINANCIAL CRIME offenders.
Nikhil Rathi, CEO at the FCA delivered a speech at the Lord Mayor's City Banquet at Mansion House. In doing so he says:
- "We are applying a bolder risk appetite in dealing with serious misconduct, including, as you will have seen, using criminal powers in the most serious cases involving financial crime or money laundering."
In fact, there are few challenges which don’t require joined-up approaches. Profound forces – the pandemic, Brexit, technological change, the drive to a greener economy, demographic shifts – are transforming financial services and society. Each of these forces present their own challenges and opportunities.
Partner with us to seize the opportunities.
So let me end with a request. Through open, timely dialogue, help us on this journey. Work with us to navigate the challenges. Help us ensure the UK remains a magnet for the best talent with a financial services industry that leads the way on diversity and inclusion. Partner with us to seize the opportunities.
And to help continue to fuel economic recovery, drive innovation that supports markets, and act as a shining beacon of high regulatory standards for financial centres around the world.