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UK finance ministry asked again about ‘tolerable failure’ amid pro-growth push

By Sofia Gerace ( June 10, 2025, 13:04 GMT | Insight) -- The UK Financial Conduct Authority has again asked the government and parliament to define “tolerable failure metrics,” as regulators have been asked to shift away from a risk-averse approach and allow a greater degree of risk in the financial system. FCA boss Nikhil Rathi addressed the influential parliamentary Treasury committee today.The UK Financial Conduct Authority today again asked the government and parliament to define “tolerable failure metrics,” as regulators have been asked to shift away from a risk-averse approach and allow a greater degree of risk in the financial system....

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