FCA boss on FSCS costs, PI premiums and crisis response - as it happened


Read on below for our live coverage of the first appearance by the Financial Conduct Authority's new chief executive before the Treasury select committee, chaired by former HM Treasury minister Mel Stride.

Nikhil Rathi was appointed earlier this year to replace Andrew Bailey, who had been named as governor of the Bank of England.

Mr Rathi was joined before the committee by Charles Randell, the FCA's chairman.

Today's coverage, which began at 2.30pm, was brought to you by FTAdviser senior reporter Rachel Mortimer. FSCS costs and PI premiums were the first items on the agenda - a sign that advisers' views are being heard by the TSC. But whether that leads to concrete action remains to be seen.