Since Nikhil joined in October 2020, the FCA has undertaken reforms to strengthen the UK’s position in wholesale markets, including the biggest changes to the listing regime in over three decades.
In March 2025, the FCA published a new five-year strategy with four priorities: to be a smarter regulator, support economic growth, help consumers navigate their financial lives and fight financial crime.
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This latest news follows the announcement that the regulator will not move forward with plans to publicly name and shame regulated firms under investigation.
Nikhil commented: “I am honoured to be reappointed by the Chancellor.
“The FCA does vital work to enable a fair and thriving financial services sector for the good of consumers and the economy.
“I am proud of the reforms we have delivered to support growth, bolster operational effectiveness, set higher standards and to keep our markets clean and open.”
Ashley Alder, the FCA’s chair, added: “I am delighted Nikhil has been reappointed.
“He’s the right leader in testing times.
“His exemplary first term as chief executive has ensured the FCA is an organisation transformed.”
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