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October 16, 2013

UK finance watchdog to warn earlier on suspected wrongdoing

The UK financial watchdog will start telling the public much earlier when it suspects wrongdoing in the sector, as it attempts to better protect consumers.

The Financial Conduct Authority said it would press ahead with plans to start publicising warning notices sent to companies or individuals as it investigates possible wrongdoing.

The move means that companies could be the subject of unwanted publicity well before a final decision on enforcement action is taken.

However, following a consultation the FCA said that it would not normally name and shame individuals so early in the process.”

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Read full Financial Times article here

 
 
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