Context
The FCA has published details of the individual fines which it imposed in 2020 with a total amount of £192,570,018 of fines issued.
Key points to note
- 11 individual fines are listed, totalling £192,580,018, with the highest fine of £64,046,800 being imposed on Lloyds Bank PLC, Bank of Scotland PLC, and The Mortgage Business PLC, equating to 33% of the overall 2020 fines.
- The total for 2019 was £392,303,097, a year on year decrease of £199,723,079 (51%).
- There were no fines issued to firms in relation to general insurance activities.