Financial Institutions: Fines
(asked on 13th June 2022) - View Source
Question to the HM Treasury:
To ask Her Majesty's Government what was the total amount of fines levied on financial institutions in the UK by UK financial regulators in each of the last five years up to 5 April 2022.
The tables below show the fines levied on financial institutions by the Financial Conduct Authority (FCA), Prudential Regulation Authority (PRA), and the Payment Systems Regulator (PSR) since 2017. The tables do not include fines levied on individuals.
FCA | ||
Calendar year | Monetary value of fine or financial penalty | Number of fines |
2017 | £ 229,079,424 | 5 |
2018 | £59,104,112 | 7 |
2019 | £ 312,730,600 | 15 |
2020 | £192,470,018 | 10 |
2021 | £ 567,528,420* | 7* |
2022 (up until 5 April 2022) | £9,887,323 | 2 |
PRA | ||
Financial Year | Monetary value of fine or financial penalty | Number of fines |
2017 – 18 (March 2017 – Feb 2018) | Nil | 0 |
2018 -19 (March 2018- Feb 2019) | Nil | 0 |
2019 – 20 (March 2019- Feb 2020) | £45,011,512 | 2 |
2020 – 2021 (March 2020 – Feb 2021) | £48,308,400 | 1 |
2021 – 22 (March 2021- Feb 2022) | £51,926,000 | 2 |
2022 – 23 (March 2022 to 5 April 2022) | Nil to date | Nil to date |
PSR | ||
Calendar year | Monetary value of fine or financial penalty | Number of fines |
2017 | Nil | 0 |
2018 | Nil | 0 |
2019 | Nil | 0 |
2020 | Nil | 0 |
2021 | Nil | 0 |
2022 (up until 5 April 2022) | £ 33,261,352 | 5 |
This information is publicly available on the websites of the FCA, PRA and PSR.
*National Westminster Bank Plc’s fine is included for completeness, however this fine was levied by the Court following the FCA’s successful criminal prosecution of the Bank.