Select committee: Financial Services Regulation Committee
Conclusion 17
1st Report - Naming and shaming: how not to regulate
Published 6 Feb 2025
Paragraph 115
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)
The revised proposals, however, do not resolve the fundamental issue that by broadening the justification for proactively announcing investigations, it could increase the risk that investigations could be announced, reputational damage to firms could occur, media speculation could arise, but no regulatory action is ultimately taken. We remain unconvinced that the proposed public interest framework will allow for proportionate and consistent decision making over whether to announce an enforcement investigation early.
From: Financial Services Regulation Committee, 1st Report - Naming and shaming: how not to regulate, paragraph 115, 6 February 2025
Government response
No government response is linked to this report.