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Amended ‘name and shame’ plan will hurt UK growth, leading trade body warns

( February 17, 2025, 17:39 GMT | Official Statement) -- MLex Summary: The Financial Conduct Authority’s amended "name and shame" proposals add to the narrative of overly interventionist regulation within the UK, make the country an international outlier and hurt the government’s competitiveness agenda, a leading banking and finance trade body has said. The FCA has failed to address concerns that businesses should not be presumed guilty before any wrongdoing has been established, UK Finance said in response to the regulator’s consultation on revisions to its controversial February 2024 proposal to start naming more companies that come under investigation. Consultation response attached. ...

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