FCA drops plan to ‘name and shame’ more UK companies under investigation

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Financial Times 22h ago

FCA drops plan to ‘name and shame’ more UK companies under investigation - Financial Times

Quick Summary:

The U-turn comes despite assurances from the FCA that it would apply narrow parameters on which investigations it would announce by weighing the impact on the company under scrutiny.

It also said the new policy would only lead to another one or two investigations into regulated companies being disclosed each year, on top of the one or two that already are.

Nikhil Rathi, FCA chief executive, has come under fire for the proposal amid growing concerns that the regulator’s proposals are driving business abroad at a time when the government is trying to boost growth.