How the FCA pulled a weekend shift when SVB and Credit Suisse collapsed
The boss of the Financial Conduct Authority tells FN how staff put in weekend shifts to handle some of the most dramatic moments in banking since the financial crisis
How the FCA responded to SVB and Credit Suisse was an example of the confidence, that ability to deliver according to the watchdog's boss Nikhil Rathi
Getty ImagesDozens of staff at the Financial Conduct Authority worked deep into the night over recent weekends as the UK's markets watchdog raced to mitigate the fallout from this year's banking crises.
In an interview coinciding with the 10th anniversary of the regulator's creation, chief executive Nikhil Rathi told Financial News how the watchdog reacted to the largest bank failures since the 2008 crisis showed that it has the "confidence" and "expertise" to deliver in tough circumstances.
"We...
