This table contains information about fines published during the calendar year ended December 2014. The total amount of fines is £1,471,431,800.
| Firm or individual fined | Date | Amount | Reasoning | |
|---|---|---|---|---|
| Royal Bank of Scotland Plc, National Westminster Bank Plc and Ulster Bank Ltd | 20/11/2014 | £42,000,000 | For breaches of Principle 3 between 1 August 2010 and 10 July 2012 ("Relevant Period"). | |
| Chase de Vere Independent Financial Adviser Limited (Formerly AWD Chase de Vere Limited) | 17/11/2014 | £560,000 | For breaches of Principles 3 and 7, SYSC 3.2.6R and Certain applicable rules set out in COB and COBS. | |
| Citibank N.A. | 11/11/2014 | £225,575,000 | For failing to take reasonable care to organise and control its affairs responsibly and effectively with adequate risk management systems in relation to G10 spot FX voice trading in London. | |
| HSBC Bank Plc | 11/11/2014 | £216,363,000 | For failing to take reasonable care to organise and control its affairs responsibly and effectively with adequate risk management systems in relation to G10 spot FX voice trading in London. | |
| JPMorgan Chase Bank | 11/11/2014 | £222,166,000 | For failing to take reasonable care to organise and control its affairs responsibly and effectively with adequate risk management systems in relation to G10 spot FX voice trading in London. | |
| The Royal Bank of Scotland Plc | 11/11/2014 | £217,000,000 | For failing to take reasonable care to organise and control its affairs responsibly and effectively with adequate risk management systems in relation to G10 spot FX voice trading in London. | |
| UBS AG | 11/11/2014 | £233,814,000 | For failing to take reasonable care to organise and control its affairs responsibly and effectively with adequate risk management systems in relation to G10 spot FX voice trading in London. | |
| Anthony Peter Clare | 05/11/2014 | £208,600 | For failing to comply with Statement of Principle 6 and Statement of Principle 7 of the Authority's Statement of Principle for Approved Persons. | |
| Nicholas Bowyer | 05/11/2014 | £306,700 | For failing to comply with Statement of Principle 6 of the Authority's Statement of Principle for Approved Persons. | |
| Peter Joseph Halpin | 05/11/2014 | £412,700 | For failing to take reasonable steps to ensure that the business of Swinton for which he was responsible in his significant influence function of CF1 and CF3 during the relevant period complied with the relevant requirements and standards of the regulatory system. | |
| Sesame Limited | 29/10/2014 | £1,598,000 | For failure to manage conflicts of interest. | |
| Yorkshire Building Society | 28/10/2014 | £4,135,600 | For serious failings in the treatment of mortgage customers facing payment difficulties. | |
| David Gillespie | 09/10/2014 | £10,500 | For serious failings in relation to the protection of client money. | |
| David Welsby | 09/10/2014 | £14,000 | For serious failings in relation to the protection of client money. | |
| Barclays Bank Plc | 23/09/2014 | £37,745,000 | For failing to properly protect clients’ safe custody assets worth £16.5 billion. | |
| Peter Thomas Carron | 16/09/2014 | £300,000 | For failing to act with honesty and integrity and exposing clients to excessive risk of financial loss. | |
| Craig Stuart Cameron | 29/08/2014 | £350,000 | For failing to act with honesty and integrity in performing the significant influence function. | |
| The Royal Bank of Scotland plc and National Westminster Bank plc | 27/08/2014 | £14,474,600 | For serious failings in their advised mortgage business. | |
| Deutsche Bank AG | 21/08/2014 | £4,718,800 | For failing to accurately report all the CFD Equity Swaps. | |
| Stonebridge International Insurance Limited | 07/08/2014 | £8,373,600 | In relation to sales of accident insurance products. | |
| Lloyds Bank plc and Bank of Scotland plc | 28/07/2014 | £105,000,000 | For serious misconduct relating to the Special Liquidity Scheme (SLS), the Repo Rate benchmark and the London Interbank Offered Rate (LIBOR). | |
| Ian Charles Hannam | 22/07/2014 | £450,000 | For engaging in two instances of market abuse by disclosing inside information other than in the proper course of his employment in two emails dated 9 September and 8 October 2008. | |
| Credit Suisse International | 16/06/2014 | £2,398,100 | For failing to ensure financial promotions for CSI’s Cliquet Product were clear, fair and not misleading. | |
| Yorkshire Building Society | 16/06/2014 | £1,429,000 | For failing to ensure financial promotions for the Cliquet Product distributed by YBS, were clear, fair and not misleading. | |
| Barclays Bank PLC | 23/05/2014 | £26,033,500 | For failing to adequately manage conflicts of interest between itself and its customers as well as systems and controls failings, in relation to the Gold Fixing. | |
| Daniel James Plunkett | 23/05/2014 | £95,600 | For failing to observe proper standards of market conduct and failing to act with integrity by placing orders to seek to influence the Gold Fixing and for failing to act with integrity for being misleading and untruthful to the FCA and the firm. | |
| Martin Brokers (UK) Ltd (Martins) | 15/05/2014 | £630,000 | For misconduct relating to the London Interbank Offered Rate (LIBOR). | |
| Invesco Asset Management Limited Invesco Fund Managers Limited | 28/04/2014 | £18,643,000 | For not complying with investment limits which are designed to protect consumers by limiting their exposure to risk. | |
| David Lloyd Wren | 31/03/2014 | £70,000 | For posing serious risk to consumers and to the confidence in the financial system. | |
| Philip Eley | 27/03/2014 | £7,200 | For failing to meet the criteria of fitness and propriety by falsifying documents in relation to customers’ policies. | |
| Santander plc | 26/03/2014 | £12,377,800 | For failing to ensure it gave suitable advice to its customers and ensure that it financial promotions and communications with customers were clear fair and not misleading. | |
| Mark Stevenson | 20/03/2014 | £662,700 | For deliberately manipulating a UK government bond (gilt) on 10 October 2011. | |
| Besso Limited | 19/03/2014 | £315,000 | For a failure to take reasonable care to establish and maintain effective systems and controls for countering the risks of bribery and corruption. | |
| City & Provincial | 13/03/2014 | £1,100 | For deliberately providing false and misleading information in his own mortgage application. | |
| Forex Capital Markets Limited (“FXCM Ltd”) & FXCM Securities Limited (“FXCM Securities”) (together “FXCM UK”) | 26/02/2014 | £4,000,000 | For allowing the US based FXCM Group to withhold profits worth approximately £6 million ($9,941,970) that should have been passed on to FXCM UK’s clients. | |
| HomeServe Membership Limited | 12/02/2014 | £30,647,400 | For mis-selling insurance policies, failing to investigate complaints adequately, the Board being insufficiently engaged with compliance, and senior management being reluctant to address customer risks. | |
| State Street Bank Europe Ltd; and State Street Global Markets International Ltd | 30/01/2014 | £22,885,000 | For developing and executing a deliberate and targeted strategy to charge substantial mark-ups on certain transitions that were deliberately not agreed with clients or disclosed. | |
| Ewan King | 30/01/2014 | £19,900 | For fabricating two Statements of Professional Standing to give an impression he was appropriately qualified. | |
| 7722656 Canada Inc formerly trading as Swift Trade Inc | 24/01/2014 | £8,000,000 | For engaging in market abuse to create a false or misleading impression in order to achieve profit. | |
| Standard Bank PLC | 23/01/2014 | £7,640,400 | For failings relating to anti-money laundering policies and procedures for corporate customers connected to politically exposed persons. |