City minister warned FCA ‘several times’ over name and shame plans Banking The City minister said she warned the Financial Conduct Authority (FCA) “several times” that its controversial ‘name and shame’ rules could harm companies before the regulator moved to water down the plans. Following intense criticism from firms and ministers, the regulator confirmed on Thursday that it would soften plans to publicly name companies facing investigation [...]
FCA to ‘intensify engagement’ with City over controversial ‘name and shame’ plans Banking The Financial Conduct Authority (FCA) is planning to "intensify" its engagement with the City in the coming months over controversial plans to ‘name and shame’ firms under investigation.
FCA under pressure to close cases into senior management amid name and shame row Business The City watchdog is under pressure to punish more bosses for flouting its rules after new figures revealed it had closed only half the investigations opened over the past seven years. Under the watchdog’s senior manager’s regime, introduced in 2016 in response to the financial crisis, staff in positions of power at financial services firms [...]
City lawyer urges the government to ‘take back control’ of the FCA May 2, 2024 A City lawyer launched an extraordinary call for the government to “take back control” of the regulator yesterday after Jeremy Hunt rounded on the FCA over its plans to name firms under investigation. The Chancellor told the FT he hoped the Financial Conduct Authority (FCA) would “re-look” at its decision to make public the subjects of its [...]