FCA's Rathi calls on private equity to be 'proactive' in sharing information to gauge potential risks

Rules out regulatory crackdown for now

Valeria Martinez
clock • 2 min read

Financial Conduct Authority CEO Nikhil Rathi has called on private equity firms to be “proactive” in sharing information to measure the potential risks posed by the sector, but ruled out an immediate “regulatory cudgel”.

During a speech at the Association of Corporate Treasurers' annual conference on Tuesday (21 May), he said the regulator would like to see more evidence before declaring a systemic issue in the private finance sector. "What we need is better information so we can properly appraise the risks. We should not unjustifiably restrict an important source of financing to businesses of all types," he said.  FCA and Bank of England clash over systemic threat posed by private equity In October last year, the FCA said it would be launching a review into the valuation practices for private asse...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Regulation

FCA unveils enhanced rules for market data and investment research

FCA unveils enhanced rules for market data and investment research

Including bonds and derivatives

Cristian Angeloni
clock 05 November 2024 • 2 min read
Jupiter changes Global Sustainable Equities fund name to comply with SDR

Jupiter changes Global Sustainable Equities fund name to comply with SDR

Renamed Jupiter Global Leaders fund

Eve Maddock-Jones
clock 05 November 2024 • 2 min read
FCA issues warning notice against Crispin Odey

FCA issues warning notice against Crispin Odey

Over alleged code of conduct breaches

Cristian Angeloni
clock 01 November 2024 • 2 min read
Trustpilot