Trade bodies call for chancellor to stop FCA public enforcement

Some of the other trade bodies include the Association of British Insurers (ABI), UK Finance and TheCityUK. At present, the regulator only publicises enforcement action if a financial services firm is found guilty of misconduct or to have breached the FCA's regulations. In February, the FCA initiated a consultation process regarding plans to enhance public visibility into enforcement investigations. Proposed measures included publishing regular updates on ongoing investigations and openly disclosing cases that have been concluded without enforcement actions. The trade bodies believ...