Business & Finance
Business and Finance
Business and Finance
Fri, November 29, 2024
[ 01:30 AM ] - Bill Williamson
[ 01:00 AM ] - Bill Williamson
[ 12:30 AM ] - Bill Williamson
Thu, November 28, 2024
[ 11:58 PM ] - Bill Williamson
[ 11:57 PM ] - Bill Williamson
[ 11:57 PM ] - Bill Williamson
[ 11:57 PM ] - Bill Williamson
[ 11:57 PM ] - Bill Williamson
[ 03:34 PM ] - Bill Williamson
[ 03:34 PM ] - Bill Williamson
[ 03:12 PM ] - Bill Williamson
[ 11:40 AM ] - Bill Williamson
[ 11:21 AM ] - Bill Williamson
[ 11:21 AM ] - Bill Williamson
[ 11:20 AM ] - Bill Williamson
[ 11:20 AM ] - Bill Williamson
[ 11:20 AM ] - Bill Williamson
[ 08:40 AM ] - Bill Williamson
[ 08:20 AM ] - Bill Williamson
UK Regulator Tempers 'Name and Shame' Proposals After Backlash
- The UK financial regulator said it will soften its plan to "name and shame" companies it's investigating, giving firms 10 days to object before probes are made public.
The UK's Financial Conduct Authority (FCA) has decided to scale back its controversial "name and shame" proposals following significant backlash from the financial industry. Originally, the FCA intended to publicly identify firms under investigation early in the process to enhance transparency and deter misconduct. However, after receiving criticism for potentially damaging firms' reputations before any wrongdoing was proven, the regulator has opted for a more measured approach. The FCA will now only name firms in exceptional circumstances where there is a clear public interest, such as when consumer protection is at risk or when the market needs to be informed to maintain its integrity. This adjustment aims to balance the need for transparency with the rights of firms to a fair process.
Read the Full bnnbloomberg Article at [ https://www.bnnbloomberg.ca/business/2024/11/28/uk-regulator-tempers-name-and-shame-proposals-after-backlash/ ]
Read the Full bnnbloomberg Article at [ https://www.bnnbloomberg.ca/business/2024/11/28/uk-regulator-tempers-name-and-shame-proposals-after-backlash/ ]
