FCA Misconduct Fines of Individuals Drop 40% in 4 Years
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The number of fines issued to senior bankers by the U.K.’s financial watchdog has fallen 40 percent since 2010 as the new regulator continues to seek its first “big fry.”
The Financial Conduct Authority handed out 18 fines to finance workers classified as performing a so-called significant influence function in 2013, marking a decline from the 30 it issued in 2010, law firm Reynolds Porter Chamberlain LLP said in a report.