The number of people the FCA has banned from working in financial services has fallen for the second year in succession to reach the lowest level since the financial crisis, according to data from RPC.
The legal and consultancy firm warned, however, the drop in bans should not be interpreted as the FCA "going soft on enforcement". Rather, it added, it was "the result of a significant toughening of the...
'Necessary steps' taken
Penalty payments and enforcement policy
Fees as low as 0.04%
Client procurement costs ‘unsustainable’
Only 9,486 applied for the benefit in 12 months