‘Robo Regulator’ Nikhil Rathi should tackle compensation claims management | Business

Forget RoboCop: is the new head of the Financial Conduct Authority the Robo Regulator? In the past week alone, Nikhil Rathi has revealed an investigation into potential criminal activity at Greensill Capital and has pledged to stamp out “phoenixing” by individuals from bust financial firms switching to claims companies to go after their old businesses. The watchdog is also building a new dragnet to search the internet for advertisements luring people into investment scams with an aim of thwarting the fraudsters.

As any good crimefighter knows, it’s best to prevent wrongdoing from taking place rather than trying to clear up the mess afterwards. Rathi is on that, too, with plans for a stronger requirement for providers of loans, investments and savings to act in the