The regulator introduced again in February that it was updating its course of round how ongoing investigations are publicised, and proposed it could announce company investigations earlier, publish updates, and shut inquiries extra rapidly in an effort to prioritise circumstances with probably the most affect.
In a letter to the regulator’s CEO, Michael Forsyth, chair of the Home of Lord’s Monetary Providers Regulation committee, mentioned the proposals dangers having a “disproportionate impact” on corporations named in investigations, the place these corporations are subsequently “cleared of any wrongdoing, particula…
