FCA has cut case backlog by 40%, CEO tells MPs
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FCA has cut case backlog by 40%, CEO tells MPs

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The Financial Conduct Authority (FCA) has cut its backlog of authorisations cases by more than 40% since December, CEO Nikhil Rathi has told MPs.

In a statement issued to the Treasury Committee for a report on financial regulation, Rathi claimed the FCA has made progress on clearing its caseload after recruiting case officers, improving processes and reducing the time taken to allocate cases.

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