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 decided not to go ahead with applying a new public interest test for announcing investigations into regulated firms “given the lack of consensus” over the plans.
Continue reading…FCA move follows longstanding pressure against new public interest test for announcing investigationsBusiness live – latest updatesBoE drops new diversity and inclusion rules for City firmsThe 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 decided not to go ahead with applying a new public interest test for announcing investigations into regulated firms “given the lack of consensus” over the plans. Continue reading…