A majority of staff at the City’s watchdog feel confident about new boss Nikhil Rathi but some are grappling with job security concerns, alongside worries over ongoing changes at the regulator.
Just over 60% of around 2,800 FCA employees responding to the regulator's most recent staff survey, seen by Financial News, gave “favourable scores” when questioned about their confidence in the watchdog’s leadership, while 72% of survey participants also gave positive feedback about its culture. Positive responses to both queries had ticked up four percentage points on the previous year’s poll.
