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FCA plans to name firms under investigation

Watchdog wants to be able to tackle rogue firms faster

Firms under investigation could be brought into the spotlight to deter financial crime
Firms under investigation could be brought into the spotlight to deter financial crime Photo: Hollie Adams/Getty Images

The Financial Conduct Authority plans to start naming the City firms and individuals it is investigating as part of plans to beef up its enforcement powers.

The watchdog currently keeps the vast majority of its probes under wraps, but said in a 27 February consultation document that it wanted to sound a firmer warning to firms that breach its rules.

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