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City wins: FCA backs down on controversial “name and shame” plans

Nikhil Rathi
Mr. Rathi has said he is honoured, and proud of the FCA’s work in recent years. Photo: FCA

The regulator will proceed with muted transparency plans which received broader support. We look at what this means for the enforcement division.

The FCA has reversed its controversial plan to publicly “name and shame” companies under investigation, following a backlash from the City and government officials. The regulator will abandon its proposed “public interest test,” opting instead to maintain its existing, more stringent “exceptional circumstances” criteria for disclosure.

This reversal, confirmed in

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