Goldman Sachs slapped with £34m fine for MiFID II reporting failures

Goldman also erroneously reported nearly seven million unreportable transactions to the FCA, which found the Wall Street giant failed to take "reasonable care to organise and control its affairs responsibly and effectively". The FCA stopped short of imposing a penalty of nearly £50m after the bank agreed to resolve the case and therefore qualified for a 30% discount in the overall penalty. It marks the 13th fine the FCA has levied against the firm for breaching MiFID II reporting standards. The regulator has also dished out penalties to UBS AG, Merrill Lynch International, Deutsche Ba...