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Strategic Risk, 2nd August 2011: Regulator’s fines for 2011 near £30m

Wolters Kluwer Manager for Regulatory Content, UK, Mary Stevens, said: “Although this is not an exact science it does not seem unreasonable to assume that last year’s figure of just shy of £90 million will remain in the record books for time in memorial. Should this trend continue for the remainder of 2011 then it is likely that we would see the overall fines total for this year reaching approximately £45 million making it the second largest annual figure in the FSA’s history of regulation.”

Read the full article here courtesy of Strategic Risk (subscription required)»