Select committee: Financial Services Regulation Committee
Conclusion 7
1st Report - Naming and shaming: how not to regulate
Published 6 Feb 2025
Paragraph 66
Financial Services Regulation Committee FCA enforcement guidance consultation All items in this report Report on parliament.uk ↗ Inquiry on parliament.uk ↗
Conclusion (the committee's words)
We recognise that the proposals do not extend to naming individuals under investigation publicly. We believe, however that there is a serious risk inherent in the FCA’s proposals that senior managers and other key individuals involved in a firm under investigation can be readily identified through the FCA’s register (or otherwise). This potentially exposes those individuals to reputational damage regardless of the outcome of the investigation.
From: Financial Services Regulation Committee, 1st Report - Naming and shaming: how not to regulate, paragraph 66, 6 February 2025
Government response
No government response is linked to this report.