News

Law

Asset Management

Investment Banking

Crypto

Hedge Funds

People

Newsletters

Events

Lists

Regulation

FCA chief: Pandemic could be worse than the financial crisis

Nikhil Rathi warns that the regulator will continue to act decisively as the pandemic continues to cause uncertainty

Wednesday, 4 August 2021 at 09:31

FCA chief executive Nikhil Rathi
FCA chief executive Nikhil Rathi Photo: Getty Images

The Covid-19 pandemic could have an even bigger impact than the financial crisis that rocked global markets more than a decade ago, FCA chief executive Nikhil Rathi has said.

Appearing on the watchdog's podcast series, Rathi was asked whether he saw parallels between the great crash of 2008/2009 and how the coronavirus crisis has turbocharged shifts in the economy.