Financial watchdog scraps plan to ‘name and shame’ UK firms under investigation
FCA move follows longstanding pressure against new public interest test for announcing investigations
The UK’s financial watchdog has bowed to longstanding pressure and ditched a plan to frequently “name and shame” companies it is investigating.
The Financial Conduct Authority (FCA) has dropped the plan to apply a new public interest test for announcing investigations into regulated firms “given the lack of consensus” over the plans. Continue reading...
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