Treasury Committee welcomes re-appointment of Nikhil Rathi as FCA CEO

Article summary

The Treasury Committee has published a report on the re-appointment Nikhil Rathi as chief executive (CEO) of the Financial Conduct Authority (FCA) following HM Treasury’s April 2025 announcement that the Chancellor had confirmed Rathi’s reappointment for a second five-year term until September 2030. The Committee considered the suitability of Rathi for this role against two criteria—personal independence and appropriate professional competence—and took both written and oral evidence from Rathi in order to make its decision, As a result, the Committee is satisfied that Rathi has the appropriate professional competence and personal independence to be re-appointed.