Fines given by UK FCA ballooned in 2019

pounds

The total value of fines issued by the UK’s Financial Conduct Authority increased significantly in 2019, a large share of which were related to how financial firms treated their consumers.

According to the latest official statement from the FCA, 21 firms were fined a total of £392.3 million ($510 million) last year, a sharp rise from 2018 when the regulator issued fines worth £60.4 million.

The level of fines has been volatile over the years (see figure 1). There has been a slight upward trend

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: