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'Name And Shame' Test Case Ruling Could Embolden FCA

By Alex Davidson

Financial services companies should be ready to engage with consumers when faced with enforcement action, in a lesson from a test case of the reasoning behind a Financial Conduct Authority decision to "name and shame" a company that could encourage bolder naming actions, lawyers said.


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    The accounting watchdog said Thursday it has fined BDO £5.85 million ($7.7 million) and fined its former audit engagement partners John Everingham and Kevin Cook separate amounts for misconduct relating to the supervision of a dishonest former senior manager.

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Trending on Law360 UK

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Expert Analysis

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    How Illumina/Grail Is Affecting EU Merger Control 1 Year On
    The landmark Illumina/Grail judgment a year ago limiting referral of below-threshold mergers to the European Commission has not left... (read more)
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    The memorandum of cooperation recently signed between the U.K. and Japan to promote collaboration in competition law enforcement is ... (read more)
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    The European Union Court of Justice’s recent judgment in European Data Protection Supervisor v. Single Resolution Board takes a reci... (read more)
  • Olivia Retter
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    As legislative hearings increase in frequency and social media fuels their reputational impact, corporate legal teams face a new dua... (read more)
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