FCA fines fall after year without major blow-ups

Pedro Gonçalves
FCA fines fall after year without major blow-ups

Fines levied by the Financial Conduct Authority (FCA) fell over 2018, after 12 months without many big ticket penalties. The UK financial watchdog levied £60.5m of fines in 2018 down from the £228.5m over the previous year, according to The Times. A substantial factor that inflated 2017's total was the fine against Deutsche Bank for £163m over money laundering rules. The record year for fines is still 2014 when the total reached £1.47bn, as banks were punished for Libor interest rate riggi...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now


Already a International Investment member?