The FCA is expected to advance regulatory reforms by removing outdated and duplicate rules, and to consolidate oversight by merging the Payment System Regulator, with Rathi continuing to lead these efforts

Quotes that support claims

Rathi will lead the FCA as it continues to drive reform to make the U.K. the best place to do business by removing unnecessary, outdated and duplicate regulations

The Treasury pointed to the merging of the Payment System Regulator primarily into the FCA

Related projects

Financial Counduct Authority (FCA)