Financial Conduct Authority boss says MPs' criticism 'not fair'

The boss of the UK's financial watchdog has said criticism from MPs that it has failed to reform after years of scandal is "not fair".Nikhil Rathi, chief executive of the Financial Conduct Authority, said it is "tackling financial crime... on a scale that has never been done before in the UK".He was responding to a report from a cross-party group of MPs which said the FCA was "incompetent" and that its culture…