FCA fines totalled £189.8m in 2020/21
The total amount fell by 15% from £224.4m in 2019/20 as the regulator also outlines its response to the pandemic and other actions taken last year in its annual report for 2020/21.
The Financial Conduct Authority (FCA) has revealed it dished out financial penalties totalling £189.8m last year, according to its annual report for 2020/21.
The total amount of fines fell by 15% compared to the previous year when the regulator imposed fines totalling £224.4m.
In addition, the number of fines decreased from 15 in 2019/20 to 10 in 2020/21.
The watchdog detailed that eight of the 2020/21 fines (£189.6m) were issued against regulated firms, while the remaining two (£200,000)
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