Nikhil Rathi spoke on what the FCA is doing to boost the UK’s wholesale finance markets. He spoke of changes already made, such as the revised framework for commodities markets and position limits, changes to transparency and removal of the bonus cap.
He then spoke of future plans, including planned work on:
- private credit
- settlement
- consolidated tape for equities and
- market risk capital for investment firms.
He updated on what the FCA is doing to tailor its approach and the use of its sandboxes.