UK
UK finance watchdog shakes up rules for naming firms under investigation
UK regulator is planning to start identifying firms under investigation at a much earlier stage
Britain’s Financial Conduct Authority (FCA) will publicly identify firms under investigation at a much earlier stage under new plans the regulator hopes will deter rule-breaking in British markets.
The planned reforms were detailed in a new consultation paper, published on Tuesday, with the FCA stressing that it would follow a "public interest" approach and act on a "case-by-case" basis.
Individuals are unlikely to be named under the proposals, however, due to legal considerations.
The new ...
