FCA to raise bar for when it ‘names and shames’ companies

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Financial Times 11h ago

FCA to raise bar for when it ‘names and shames’ companies - Financial Times

Quick Summary:

On Thursday it gave examples of past investigations that it could have disclosed under its new approach, such as those into 15 advisers to pensioners at British Steel or into the UK arm of cryptocurrency exchange Coinbase.

It said the new approach was expected to lead to a doubling of the number of investigations it publicly discloses, up from the current rate of about one or two a year.

Imogen Makin, a senior regulation lawyer at WilmerHale, said the new proposals were “a significant improvement on the original version” and welcomed the acknowledgment that the plan would only lead to announcements in a very small number of cases.