FCA admits to concerns over private warnings as usage drops to zero
Freedom of Information request shows regulator has stopped using them.
The Financial Conduct Authority (FCA) issued no private warnings in 2017 and as of Christmas Eve had not issued any in 2018, Insurance Age can reveal.
The findings were delivered in response to a Freedom of Information (FOI) request by Insurance Age.
The fact that the watchdog has not used private warnings for two years marks a shift from previous behaviour.
Censure
The regulator used to issue private warnings when it had concerns about behaviour or evidence of a rule breach but felt it was
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