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Compliance Monitor

FCA: a tale of five CEOs

Nikhil Rathi takes the helm of the Financial Conduct Authority at a time of crisis - the global coronavirus pandemic - and with the United Kingdom's final transition from the European Union just months away. Neasa MacErlean reports on one of the country's most challenging jobs.

Welcome to one of the most political jobs in the UK, Nikhil Rathi. One Chancellor of the Exchequer curtailed the careers of two of your four predecessors at the helm of the Financial Conduct Authority. A third survived calls for his resignation. Only one of the four - interim head Christopher Woolard - made it through without such pressures. Taking on the role of CEO of the FCA could be seen as a modern-day version of marrying Henry VIII.

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