UK financial watchdog says to seek ‘broad consensus’ on ‘naming and shaming’ plans

LONDON (Reuters) – Britain’s Financial Conduct Authority will take time and seek to reach a “broad consensus” across industry on its disputed proposals to name companies being investigated earlier, a senior executive at the watchdog said on Monday.

“We recognise this is a sensitive and emotive issue, so we will take time to consider the feedback, to engage further with industry… with the aim of reaching a broad consensus,” FCA executive director Sarah Pritchard told a City & Financial conference.

(Reporting by Huw Jones; Editing by Kirsten Donovan)

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