The UK's Financial Conduct Authority (FCA) is facing criticism over its controversial plan to 'name and shame' firms under investigation before the conclusion of probes. Critics, including commentators and lawyers, argue that this approach is detrimental to the City's reputation and could unfairly damage the careers of individuals involved in the investigations. The main opposition Labour Party has urged the FCA to consider feedback from the City regarding this policy. Additionally, UK lawmakers are set to question the FCA's chief about these plans, reflecting significant governmental and industry backlash.
UK lawmakers to quiz financial watchdog's boss over 'naming and shaming' plans https://t.co/ZM0QaKNjes https://t.co/fvMmMfXDUR
The UK’s main opposition Labour Party said Britain’s top financial watchdog should listen to feedback from the City over its plan to name firms under investigation at an early stage, proposals that have sparked a backlash from the government and industry https://t.co/Bux58HXKtL
Financial Conduct Authority proposals to name companies early in investigations will damage the careers of many individuals involved, according to lawyers, with some unnamed employees coming under suspicion putting them at risk of losing their jobs. https://t.co/NjnhhAXwtn
The Financial Conduct Authority's plan to "name and shame" firms under investigation before the probe is completed is mad, bad and dangerous for the City, @marcusashworth writes https://t.co/J6vKUo1vn5 via @opinion
The Financial Conduct Authority's plan to "name and shame" firms under investigation before the probe is completed is mad, bad and dangerous for the City, @marcusashworth writes https://t.co/XT0E3P65mq