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Enforcement Actions

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Enforcement Actions

Four banks account for over half of $2.2bn fines for systems and controls failings

Four banks account for over half of the some $2.2. billion in fines US financial services regulators meted out to...
By Rachel Wolcott 23rd December 2024
Four banks account for over half of $2.2bn fines for systems and controls failings

Enforcement Actions

US regulators fine security companies for cyber, data and privacy breaches

US regulators have doled out some hefty fines to security companies for cyber and data security failures and privacy breaches....
By Rachel Wolcott 18th December 2024
US regulators fine security companies for cyber, data and privacy breaches

Enforcement Actions

Luxembourg’s CSSF issues first-of-its-kind ESG fine to Aviva Investors

Luxembourg’s financial regulator, the Commission de Surveillance du Secteur Financier (CSSF), has fined Aviva Investors Luxembourg 56,500 euros after an...
By Lindsey Rogerson 3rd December 2024
Luxembourg’s CSSF issues first-of-its-kind ESG fine to Aviva Investors

Regulatory Reform

UK FCA to change plan to name firms under enforcement investigation

The Financial Conduct Authority (FCA) has confirmed it is reformulating its plans to announce the names of firms it has...
By Lindsey Rogerson 28th November 2024
UK FCA to change plan to name firms under enforcement investigation

Enforcement Actions

Get in line: Three-year wait to appeal FCA bans and fines

Senior managers seeking to appeal bans and fines imposed by the Financial Conduct Authority (FCA) are waiting up to three...
By Rachel Wolcott 27th November 2024
Get in line: Three-year wait to appeal FCA bans and fines

Enforcement Actions

FCA applies large adjustments to challenger bank fines

The Financial Conduct Authority (FCA) has applied large step two adjustments when calculating Starling Bank and Metro Bank’s recent fines...
By Rachel Wolcott 20th November 2024
FCA applies large adjustments to challenger bank fines

Enforcement Actions

FCA admits plan to ‘name and shame’ could have been handled better, fresh consultation in Q1

Ashley Alder, chair of the Financial Conduct Authority (FCA), has acknowledged that the regulator could have handled better its proposals...
By Lindsey Rogerson 14th November 2024
FCA admits plan to ‘name and shame’ could have been handled better, fresh consultation in Q1

Enforcement Actions

Little support for FCA’s ‘name and shame’ plans in Lords’ call for evidence responses

Respondents to a call for evidence on plans by the UK Financial Conduct Authority (FCA) to reveal the names of...
By Lindsey Rogerson 12th November 2024
Little support for FCA’s ‘name and shame’ plans in Lords’ call for evidence responses