The UK Financial Services Authority (FSA) imposed fines on individuals totaling nearly GBP 20 million in the 2011/12 fiscal year, more than in the previous eight years combined, according to NERA Economic Consulting’s report, Trends in Regulatory Enforcement in UK Financial Markets: Fiscal Year 2011/12, released today.
The FSA imposed GBP 58.7 million in fines on firms, below the previous year’s record-high total, but higher than in any other year. The number of fines imposed on both firms and individuals declined as compared to 2010/11, possibly as a result of the FSA taking on fewer, more complex cases.
‘Enforcement 40’ for 2020
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