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Rathi worked for HM Treasury from 2009 to 2014, and was director of the financial services group, leading the UK's EU and international financial services interests. [ 5 ] [ 6 ] In May 2014, Rathi joined the London Stock Exchange (LSE) as chief of staff and director of international development, and in 2015, was appointed CEO, working under ...
Andrew John Bailey (born 30 March 1959) is a British central banker and Governor of the Bank of England since 16 March 2020.. Previously he served as the Chief Cashier of the Bank of England under Mervyn King from January 2004 until April 2011, Deputy Governor of the Bank of England for Prudential Regulation under Mark Carney from April 2013 to July 2016 and Chief Executive of the Financial ...
The FCA works alongside the Prudential Regulation Authority and the Financial Policy Committee to set regulatory requirements for the financial sector. The FCA is responsible for the conduct of around 58,000 businesses which employ 2.2 million people and contribute around £65.6 billion in annual tax revenue to the economy in the United Kingdom.
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Bank of England governor Andrew Bailey and the Financial Conduct Authority’s chief executive Nikhil Rathi are also in the chancellor’s delegation, according to the Treasury.
A person performing the chief executive function may be a member of the governing body but need not be. If the chairman of the governing body is also the chief executive, he will be discharging this function. If the responsibility is divided between more than one person but not shared, there is no person exercising the chief executive function.
He rose to the position of deputy chief executive, and was closely involved with the failed merger with Deutsche Börse which resulted in the resignation of the LSE's chief executive Gavin Casey. Wheatley was also Chairman of the FTSE International and sat on the Listing Authority Advisory Committee of the UK Financial Services Authority (FSA). [2]
The Financial Conduct Authority (FCA) also announced in January that it is exploring ways to loosen strict rules around mortgages to enable more people to borrow for a home.