FCA fines hit six-year high

Due to four high value fines

Elliot Gulliver-Needham
clock • 1 min read

The value of fines issued by the Financial Conduct Authority has increased nearly fourfold to £577m, reaching a six-year high, research by law firm RPC shows.

The increase in the value of fines was largely due to four large fines worth well over £50m issued this year, compared to just one fine over £50m issued last year. The largest fine of £265m was imposed on NatWest for failing to comply with anti-money laundering measures. HSBC received a £64m fine for a similar reason. Credit Suisse was also fined nearly £150m for failures in its anti-bribery controls, while Lloyds Bank was fined £90m for treating consumers unfairly in the renewal of their home insurance. The number of fines also increased by 57% in the last year, from seven to 11. ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Regulation

FCA removes regulatory permissions from advice firm over breaches

FCA removes regulatory permissions from advice firm over breaches

Ups assets restriction and notes unpaid FOS award

Jen Frost
clock 22 December 2025 • 2 min read
 FCA chief: No allegations of Budget leak market abuse so far

FCA chief: No allegations of Budget leak market abuse so far

Told MPs on the Treasury Committee the leak caused serious concern

Alex Sebastian
clock 16 December 2025 • 3 min read
FCA's non-financial misconduct rules 'opaque' over social media activity

FCA's non-financial misconduct rules 'opaque' over social media activity

Lack of definitions and case studies

Cristian Angeloni
clock 16 December 2025 • 2 min read