By David Postings Improving transparency is well and good, but FCA plans to name firms under investigation will do damage to innocent firms, writes UK Finance chief executive David Postings The principle of being innocent until proven guilty is a cornerstone of our approach to justice, which is why the FCA’s proposals on naming and shaming firms before fully investigating have sent shockwaves around the financial services industry. This is part of the FCA’s plans to radically change the way they would carry out enforcement activity, saying they want to be more transparent. The issue has galvan…