Financial Watchdogs

UK financial watchdog's Indian-origin CEO re-appointed for second term

Nikhil Rathi, the Indian-origin chief executive of the UK's Financial Conduct Authority (FCA), was on Thursday re-appointed to his post for a second term by the Chancellor of the Exchequer Rachel Reeves. Describing Rathi's leadership of the financial watchdog as crucial to the government's reform agenda, Reeves said she wanted him to go further in his efforts to boost economic growth and investment during his new five-year term. The FCA, as a regulator for the UK's financial markets and over 40,000 financial services firms, is in charge of holding them to account. Nikhil Rathi has been crucial in this government's efforts to reform regulation so it supports growth and boosts investment I am delighted he will be continuing his leadership of the FCA, Reeves said in a statement from the UK's Treasury department. We want the FCA to go further and faster to deliver this government's Plan for Change and we look forward to continuing to work together to achieve this, she said. The Treas

Healthy development

Consumer watchdogs must be more proactive

UAE poised to exit global watchdog FATF's 'grey list' after reform push

The UAE is expected to come off the list on Feb. 23, which is the final day of the FATF plenary in Paris, the people said. No final decisions have been made

China plans to tighten grip on finance industry; watchdogs face pay cuts

Currently, China Securities Regulatory Commission and the CBIRC are among rare central government agencies that pay their staff significantly above the compensation of civil servants, said the people

CoC members, bidders must be barred from buying RCap bonds held by LIC: NGO

They are "insiders" and have access to crucial information, says Infrastructure Watchdog; meanwhile, last date if bond sale to be extended to July 22 as LIC finds no takers

Possible link between Trump's son-in-law and $700 mn relief loan: Watchdog

A congressional monitor of federal pandemic aid is raising the possibility of a link between President Donald Trump's son-in-law, Jared Kushner, and a $700 million relief loan to a trucking company

National Financial Reporting Authority to hire legal, finance experts

The independent watchdog for auditing profession has sought applications for 10 posts of consultants and senior consultants on one-year contract basis

Report calls UK financial watchdogs cowed and secretive

Two British watchdogs set up to apply lessons from the financial crisis will sleepwalk into the next banking meltdown if they don't make big changes