UK financial regulator FCA reappoints Nikhil Rathi as CEO for another five-year term
Chamomile Shumba | Modified by Parikshit Mishra , April 10, 2025, 12:01 PM
Nikhil Rathi has been reappointed as chief executive of the UK’s financial regulator, the Financial Conduct Authority (FCA).
Rathi became the first FCA chief executive to be given an extra five years in office by the Treasury, giving him more time to implement his initiatives in the financial sector, including the area of cryptocurrencies.
Under his leadership, the FCA has registered 51 crypto firms under its anti-money laundering rules, including Coinbase, Revolut, eToro and, most recently, investment giant BlackRock.
“Rati will lead the FCA as it continues to deliver reforms to make the UK a more attractive place to do business by removing unnecessary, outdated and duplicative regulations, while ensuring consumer protection and market confidence,” the Treasury said in a statement on Thursday.
The FCA plans to introduce a new crypto regime with a new authorisation process by 2026. It aims to produce documents on stablecoins, trading platforms, staking, prudential crypto exposure and lending by early next year. The new regime will be launched after the publication of final policy statements in 2026.
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