FCA staff to vote on strike action as negotiations dry up

Regulator chief executive Rathi has dismissed staff concerns as ‘noise’

James Baxter-Derrington
clock • 2 min read
The FCA's headquarters in East London
Image:

The FCA's headquarters in East London

Staff at the Financial Conduct Authority (FCA) are voting on whether or not to take industrial action in an indicative ballot call by Unite the Union, following claims “management has refused to negotiate”.

The union accuses management at the regulator of embarking on a programme of "severe cost-cutting", which it said is set to turn the FCA into a "bargain basement regulator". This programme includes...

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