Deutsche Bank fine a reminder to firms to play nice
Another wave of bank fines demonstrates the resolve of regulators to impose increasingly stringent penalties for key areas of financial misconduct. For the UK's Financial Conduct Authority, this now includes failure to co-operate with investigations
The scale of regulatory fines continues to set new records. April alone saw five separate settlements totalling £387 million ($597 million) reached between the UK's Financial Conduct Authority (FCA) and global firms, which to many is a clear sign that the City watchdog is growing far less patient with the control failures and misconduct continuing to implicate market players both big and small.
And for the FCA, at least, this is not just a case of rising fines across the board; it represents a
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