FCA fines plunge from £905m last year to £20m in 2016
APFA called for redistribution of fines to cover compensation cost
Fines handed out by the Financial Conduct Authority (FCA) in 2016 have seen a dramatic fall this year compared to last, as fewer banks appeared on the regulator's hit list.
In the first half year of 2016, the FCA dished out a total of £20m worth of fines to 14 recipients, compared with £905m (40 fines) in the whole of 2015 and £1.4bn (40 fines) in the year before. The...
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