U.S. banks have crossed a significant post-financial crisis milestone, tallying more $200 billion in fines paid out regarding questionable behavior. Regulators have been out for blood against banks for conduct both before the crisis and since. Public outrage has focused on Wall Street institutions and their collective role in triggering the subprime mortgage meltdown that […]

The Commission has published (Feb 2015) a consultation paper on a statement of principles and processes for the forthcoming civil financial penalties regime. The paper can be downloaded from the JFSC website at http://bit.ly/1yRvd6o