Lords committee urges FCA to call off 'damaging' name and shame plans

The regulator initially set out to plans to officially name firms under investigation if it was in public interest. Previously, this was only done in exceptional circumstances. Following the House of Lords inquiry on the FCA's consultation paper on publicising enforcement investigations, the FSRC - established last year - has today (6 February) published its first report, Naming and shaming: how not to regulate. The committee concluded that the FCA has not made a convincing case for a change to its existing powers, which already allow it to announce an enforcement investigation early ...