FCA defends investigation transparency proposals
The Financial Conduct Authority has responded to concerns raised by the House of Lords Financial Services Regulation Committee on its proposal to name firms under investigation.
Earlier this year the FCA opened a consultation on a “step change” in being more transparent when opening an investigation into a firm.
The consultation covers plans to publish updates on investigations as appropriate and be open about when cases have been closed with no enforcement outcome.
It said decisions on announcing an investigation would be taken on a case-by-case basis and depend on a range of factors to decide if it would be in the public interest.
We are proposing to move away from a
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