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Evening Standard
Evening Standard
Business
Holly Williams

FCA drops plans to routinely ‘name and shame’ firms under investigation

FCA the Financial Conduct Authority
The UK’s financial watchdog has confirmed controversial plans to ‘name and shame’ firms facing investigation have been ditched (FCA/PA) - (PA Media)

The UK’s financial watchdog has confirmed controversial plans have been ditched to routinely “name and shame” firms facing investigations in the wake of mounting pressure over the proposals.

The Financial Conduct Authority (FCA) said it would drop proposals to apply a new public interest test for announcing investigations into regulated firms “given the lack of consensus” over the plans.

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