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

image
‘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.

WSJ Logo