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FCA bows to pressure over 'name and shame' policy
The Guardian
|November 29, 2024
The City regulator has bowed to pressure over plans to "name and shame" some companies it investigates, offering watered-down proposals that would give firms 10 days' notice and consider the "potential negative impact" of revealing their identities.
The Financial Conduct Authority (FCA) put forward new proposals yesterday after months of intense criticism from businesses, which have tried to thwart its plans to be more transparent with the public and whistleblowers when investigating potential wrongdoing across the City.
The government had also threatened to intervene, with the City minister, Tulip Siddiq, having told the watchdog to rethink its plans and suggesting she could overrule them.
Esta historia es de la edición November 29, 2024 de The Guardian.
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