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UK financial services train fire on regulator for ‘adversarial’ plan to name suspect firms

By Phoebe Seers ( April 29, 2024, 13:10 GMT | Insight) -- A major UK financial services lobby group has voiced strident opposition to the sector regulator’s plan to name companies that come under investigation for wrongdoing. The Financial Conduct Authority's proposal could cause unnecessary risks to financial stability, harm the UK’s competitiveness and is at odds with other Group of Seven nations, UK Finance warned. A major UK financial services lobby group has voiced strident opposition to the sector regulator’s plan to name companies that come under investigation for wrongdoing....

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