Regulation

FCA boss: We won’t ‘unnecessarily restrict’ private markets

Nikhil Rathi tells FN access to a ‘wide range of sources’ of finance is a good thing for business

Thursday 26 September 2024 at 15:42

‘We need to understand the benefits and costs of the different types of actions that might flow,’ Rathi says at annual public meeting
‘We need to understand the benefits and costs of the different types of actions that might flow,’ Rathi says at annual public meeting Photo: Chris J. Ratcliffe/Getty Images

Financial Conduct Authority boss Nikhil Rathi says he doesn’t want to “unnecessarily restrict” the growth of private markets as global regulators try to get a grip on potential risks from the sector.

Private equity, private credit, real estate and other non-public asset classes have exploded in recent years as a low-interest-rate environment forced investors to search for higher yields.