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.
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