The PHA Group's Neil McLeod: Navigating the FCA's proposal to name companies under investigation

Widespread industry pushback

As crisis issues go, the FCA’s proposal to 'name and shame' companies under investigation has turned into a headline-grabbing car crash which just keeps getting worse.

Having provoked fury in business and politics, the Financial Conduct Authority has even drawn a rare intervention concerning its dealings from the Chancellor, Jeremy Hunt, who urged a rethink from the operationally independent regulator.  His ire was topped by the Lords financial services regulation committee, which wrote to FCA CEO Nikhil Rathi asking for the work on the plans to be paused. Having been ignored, this may even lead to a short inquiry at which Rathi will be ‘invited' to appear. Jeremy Hunt calls on FCA to 're-look' at name and shame policy – reports UK Finance, among...