FCA fines tally falls to 15-year low | Digitallook.com

With a few working days remaining in 2017 the City regulator has imposed 13 fines totalling £229.5m on companies and individuals. Last year the FCA imposed 23 fines valued at £22.2m.

The number of penalties in 2017 is the lowest since the Financial Services Authority imposed nine fines worth a total of £7.4m in 2002 – its second year of operation. The FCA replaced the FSA in 2013 when supervision of the banking system was transferred to the Bank of England.

via FCA fines tally falls to 15-year low | Digitallook.com