Whistleblower's rights under watered down FCA's name and shame plans

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...