FICC traders are set to face tougher sanctions under the BoE’s FEMR
Fines by Britain’s Financial
Conduct Authority (FCA) in 2014 rose to £1.47 billion in
2014, a 68% rise on the previous year, according to a research
report which found fines up in most major financial
The '2015 Global Enforcement
Review’ was compiled by regulation consultancy,
Kinetic Partners, a division of financial advisory, Duff &
Phelps, and found that the average value of fines issued by the
FCA during 2014 was two and a half times higher than the prior
year – jumping to £36.79m from £9.88m.
"This is indicative of a trend in recent
years, as the average monetary sanction has increased by more
than 1,800% since 2009, when the average FSA [the FCA’s
predecessor] fine was £20.7m," said the
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