Brief
Banks vs. the Rest: Why 83 Percent of FCA Fine Value Hits the Banking Sector
UK banks have paid £ 3.96 billion in FCA fines since 2013. Discover the root causes and a five-step compliance roadmap for 2025.
Michaela Clarke
Operations & Compliance Coordinator
UK banks have paid £ 3.96 billion in FCA fines since 2013. Discover the root causes and a five-step compliance roadmap for 2025.
Sector Breakdown
| Sector | Fine Value (£ bn) | Number of Cases |
|---|---|---|
| Banking | 3.96 | 66 |
| Corporate (non-bank) | 0.33 | 17 |
| Insurance | 0.14 | 14 |
| Individuals | 0.19 | 143 |
| Trading & Asset Management | 0.15 | 45 |
(Remaining narrative unchanged; all relative percentages and guidance still hold.)
Powered by MEMA Consultants | www.memaconsultants.com
Need expert regulatory guidance?
Our ex-regulator team helps firms navigate complex requirements and evidence compliance with confidence.
Book a Free Scoping CallRelated insights
View all insights →
Navigating Section 166 Skilled Person Reviews: A Guide for Boards and Compliance Leaders
A practical guide to FCA Section 166 skilled-person reviews, covering appointment routes, scope control, evidence quality and remediation governance.
SIPP reform: due diligence and asset controls under FCA CP26/20
CP26/20 proposes explicit SIPP due-diligence rules and a Pension Scheme Money and Assets regime. We examine the evidence and operating-model decisions.
Inactive Appointed Representatives: Oversight Evidence for Principal Firms
Principal firms must maintain documented oversight of inactive appointed representatives, with clear REP025 explanations and timely relationship decisions.