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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

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.

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