Select committee: Financial Services Regulation Committee
Conclusion 9
1st Report - Naming and shaming: how not to regulate
Published 6 Feb 2025
Paragraph 72
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)
It remains unclear, however, what specific criteria would guide the FCA’s assessment of ‘public interest’ or how the FCA would evaluate the impact that it now recognises the announcements may have on firms and financial markets. Questions persist around the levels of discretion the public interest test affords the FCA, how consistency in decision making can be assured and how inconsistent outcomes would be avoided. Greater transparency in these processes is essential to ensure that firms and stakeholders have confidence in the fairness and consistency of the regulatory framework.
From: Financial Services Regulation Committee, 1st Report - Naming and shaming: how not to regulate, paragraph 72, 6 February 2025
Government response
No government response is linked to this report.