The UK’s financial watchdog has agreed to water down proposals to “name and shame” firms it is investigating, after facing pressure from the City.
It would mean “naming and shaming” the companies being probed, regardless of whether or not it decides there has been misconduct or a breach of rules. The FCA said the revised proposals will see a very small number of additional investigations into regulated firms being announced. Former chancellor Jeremy Hunt warned the FCA to reconsider its ‘name and shame’ proposals earlier this year
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