FT: “FCA fines hit highest level in four years”
December 8, 2019
The FT have reported today that “Penalties levied by the Financial Conduct Authority have totalled £391.8m so far in 2019, the highest since 2015 and more than six times the amount last year”
This compares to £27.6m in 2018 and £229.5m in 2017 (See FT Article 2018).
The FCA currently have almost 700 cases investigation cases open – the highest ever recorded;
(Source: Enforcement performance report 2019, FCA)