FCA Reverses Controversial Proposal to Name Firms Under Investigation, Eliciting Support from City Lawyers

The Financial Conduct Authority’s (FCA) decision to abandon its plan to publicly name firms under investigation has been met with approval by city lawyers. This proposal had previously faced notable criticism from various sectors, including politicians, lawyers, and financial services professionals. The pushback highlighted concerns about potential reputational damage and market instability that could arise from such disclosures. For a deeper insight into the reactions surrounding this development, you can access the original article. Please note that the article is behind a paywall and may require a subscription for full access.