FCA fines totalled £229.5m in 2017
Compliance experts warn that regulator still has appetite for issuing fines.
The Financial Conduct Authority (FCA) handed out £229,515,303 in fines in 2017.
For brokers the figure was dominated by the £4m bill sent to Bluefin. However, Deutsche Bank topped the charts with a £163m punishment.
The 2017 figure was far from the largest annual total – see graph below – but it was certainly not the smallest either.
And compliance experts have stressed that the regulator’s appetite for using the tool will not diminish in the next 12 months or indeed years to come.
“The FCA
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