Reported 4 months ago
The Financial Conduct Authority (FCA) in the UK is expected to revise its proposal to publicly name companies under investigation after facing criticism from the government and industry. The FCA's original plan aimed to increase transparency and deter wrongdoing but received pushback from various sectors. The FCA's co-head of enforcement, Therese Chambers, reportedly made concessions during discussions with corporate clients, such as extending the notice period before investigations are announced. The regulator continues to review feedback and consider alternative approaches to balance transparency with due process.
Source: YAHOO