FCA chief asks politicians to define 'acceptable level of harm to consumers'
Remarks come as the government continues to militate for regulators to take a more pro-growth approach to regulation.
The head of the UK’s FCA has warned about the consequences of some of the agency’s own recent proposals on relaxing rules for mortgage lenders.
Nikhil Rathi, who has faced constant pressure from the Labour government to take a more lenient approach to regulation to encourage growth, has now asked