MPs: Publishing warning notices could be 'death' of small firms

In the draft Financial Services Bill, the government proposed a consultation on giving the Financial Conduct Authority (FCA), one of the successors to the Financial Services Authority (FSA), the power to publicise when a warning notice has been issued against a firm. However, in written evidence to the Draft Financial Services Bill Joint Committee, the FSA has suggested this power should be given without consultation. The issue was raised during an evidence session before the committee this morning, where MPs and Peers questioned a number of industry experts on the proposed new regula...