Treasury Committee probes CEO Rathi over FCA bonuses

Nikhil Rathi was questioned over the £23m in bonuses paid last March

clock • 3 min read
Financial Conduct Authority chief executive Nikhil Rathi
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Financial Conduct Authority chief executive Nikhil Rathi

Treasury Select Committee chair Mel Stride has put the Financial Conduct Authority's (FCA) bonus scheme into question and also raised concerns over the watchdog's recent fee hike proposal for financial services firms.

Speaking yesterday (8 December) Stride said the FCA's November fee proposals "contain a significant uplift" for firms' minimum fees, adding: "It's quite a hike, certainly in proportional terms." ...

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