Thomas Beale looks at the FCA’s revised name and shame plans and asks what it means for whistleblower’s rights…
In November, the Financial Conduct Authority (FCA) announced it would be relaxing its ‘name and shame' plans – where firms under investigation by the regulator would be publicly named, if it was in the public interest. Previously, this was only done in exceptional circumstances. The intention behind the original policy was to increase transparency of the FCA's work, reduce violations of the FCA's regulations and enhance whistleblower confidence in reporting wrongdoing. However, since it was announced, the FCA has faced a City backlash: experts have pointed out it could cause reputatio...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- 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
