“The goal of regulation shouldn’t just be to step in when things go wrong, or respond to a crisis,” Rathi will say. “We want to deliberately create an environment that helps firms compete and grow.”
The UK could allow easier market access for specialist trading houses that don’t hold retail deposits, the head of the Financial Conduct Authority will say on Tuesday.
The regulator is exploring adjustments that could encourage wholesale trading and boost liquidity, according to pre-released remarks from Nikhil Rathi’s speech at the FCA’s international markets conference in London.
