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Industry reacts as House of Lords calls on FCA to halt name-and-shame plans

Michael Forsyth, Baron Forsyth of Drumlean (right) at Parliament.
Michael Forsyth, Baron Forsyth of Drumlean (right) at Parliament. Photo: Stuart C Wilson/Getty Images

Martin Cloake, Jean Hurley

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As an influential Lords Committee steps in, we gather views from a panel of finance industry experts on the growing storm over FCA plans to name firms under investigation.

Plans by the FCA to name and shame firms it is investigating have run into stiff opposition, culminating in the House of Lords Financial Services Regulation Committee calling for the move to be paused.

A letter from Committee chair Lord Forsyth of Drumlean to FCA chief executive Nikhil Rathi says:

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