David will play a key role in the work to consolidate the PSR into the FCA.

The regulator wants to make it easier, faster and cheaper for consumers to make certain changes to their mortgage.

In H2 2024 the total amount of redress was £236m.

The live testing service would allow firms to collaborate with the FCA while they check that their new AI tools are ready to be used.

The FCA proposes removing the EU-derived rules and to make them clearer and more accessible.

The support services provider has added support tracking to MARS.

The regulator says these returns "no longer serve a critical supervisory function". 

Rathi will serve a second five-year term as chief executive of the Financial Conduct Authority after initially joining the regulator back in 2020.

Nationwide is the first building society to gain this rating - which is the second of three levels firms can achieve through the programme. 

The regulator will let more firms know it is 'minded to approve' applications for authorisation when it thinks they can meet required standards.