UK’s FCA plans to announce corporate probes early in deterrent push

The UK's Financial Conduct Authority (FCA) has announced plans to launch corporate investigations earlier and close them more quickly in an effort to deter wrongdoing and reassure the public that the regulator is taking action. This move comes as part of a broader push to prioritize cases with the most impact and increase transparency in the regulatory process.

According to Therese Chambers, co-head of enforcement at the FCA, the regulator will be more proactive in launching corporate investigations and publishing updates on its progress. This will help to ensure that the public is aware of the FCA's activities and can have confidence in the regulatory process.

The FCA has also committed to closing cases more quickly, with a view to providing greater certainty for businesses and consumers. This will be achieved through a combination of increased resources and more efficient case management processes.

Overall, these changes are designed to help deter wrongdoing and increase confidence in the regulatory process. By launching investigations earlier, publishing updates more frequently, and closing cases more quickly, the FCA hopes to demonstrate its commitment to protecting consumers and maintaining market integrity.