FCA's shelved name and shame policy 'deeply flawed from the outset'

The FCA today (12 March) scrapped its controversial plan to publicly name firms under investigation, marking a significant retreat from one of its most high-profile proposals. Its decision has come after industry criticism, with Kingsley Napley financial services regulatory partner Jill Lorimer saying the U-turn is "a hugely significant development". The FCA will instead maintain its current approach, which only allows for disclosure in exceptional circumstances. The regulator's decision signals a change in direction and comes as it builds focus on its secondary growth objective. "...