Name and shame: The true cost of FCA warning notices

NAME & SHAME

Carmen Reichman
clock •

The regulator will soon start to name the businesses against which it has started disciplinary proceedings - but at what cost? Carmen Reichman investigates...

The Financial Conduct Authority's (FCA) decision to name firms - and in some circumstances individuals - in public warning notices, has caused concern in the industry. A primary concern, understandably, is of the FCA shaming the innocent before they are proven guilty. The FCA argues the new approach is necessary to create improved transparency. It also said it hoped the change would deter more firms from behaving badly and, at the same time, instil greater public trust in the industry. While the FCA has admitted the new policy could create extra costs for both itself and firms conc...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Regulation

FCA brings ESG ratings providers under scope for first time in 'sensible evolution'

FCA brings ESG ratings providers under scope for first time in 'sensible evolution'

Authorisation required from June 2028

Michael Nelson
clock 03 November 2026 • 3 min read
Treasury Committee flags potential bank tax Budget leak to FCA and Treasury

Treasury Committee flags potential bank tax Budget leak to FCA and Treasury

Dame Meg Hillier pens letter after Bloomberg article went live at 10:45am

Isabel Baxter
clock 29 October 2026 • 3 min read
FCA stands firm on not advocating for legislative change on AI

FCA stands firm on not advocating for legislative change on AI

‘That is the appropriate proportionate response’

Sophia Panayi
clock 22 October 2026 • 2 min read