FCA confirms 'name and shame' policy before enforcement action

Following a period of consultation, the FCA confirmed that it will in future publish information through a warning notice statement which will typically name the firm under investigation and, in certain circumstances, an individual. The regulator said the measure will allow it to achieve better consumer protection and enhance the integrity of the UK's financial system. It will make it clearer for consumers, firms and investors what "sort of behaviour is considered unacceptable", the FCA said while making the enforcement process more transparent. Previously, the regulator could only...