UK fines increase as FSA ditches soft approach

No more Mr Nice Guy


The record-breaking fine of £33 million levied against JP Morgan by the UK Financial Services Authority (FSA) last year for failing to properly segregate client money sent out a clear message: the FSA’s Enforcement Division was determined to clamp down on regulatory breaches and market abuse, and to intensify changes in the City’s self-regulation.

The figures speak for themselves. FSA fines rose from £35 million in 2009 to a total of £89.3 million in 2010. Fines for 2011 by March had already

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...


You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: