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Citi incurs £61.6m in fines for lack of effective trading controls
Deficiencies compounded human error and led to the accidental execution of $1.4 billion of erroneous orders.
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FCA says that misleading market communication practices persist
The FCA has highlighted continuing concern about ‘flying’ and ‘printing’ and the failure of firm management to deal effectively with both practices.
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What UK asset managers need to know about TCFD reporting
Practical overview of climate-related disclosures including which firms are subject to the rules, time scales and the products in scope.
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ADM Investor Services International Limited fined £6.5m for AML failings
FCA issues another fine for serious financial crime control failings.
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FCA loses high profile Upper Tribunal enforcement cases
The judgment is critical of the FCA’s conduct of the investigation and enforcement processes.
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Key takeaways from the TSB case
Operational resilience was the focal point, but there are other issues to consider.
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TSB fined $59m (£48.65m) due to operational risk management and governance failures
Regulators found that TSB failed to adequately organize and control a 2018 IT migration programme.
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Trade surveillance failures lead to £4.7m in fines for three broker firms
BGC Brokers LP, GFI Brokers Limited and GFI Securities Limited fined by the FCA for failing to adequately safeguard against potential market abuse.