If you compare Guernsey and Jersey enforcement action, it is clear that the GFSC is winning the Murratti of enforcement (so far). With over £1 million in fines and numerous public statements and prohibited from performing functions under the relevant regulatory laws Guernsey are living up to their promise to be enforcement led. The enforcement […]

Financial Conduct Authority handed out penalties worth £22.2m in 2016, lower than 2008 – compared with £1.5bn peak in 2014 Fines imposed on banks and other City firms by the financial regulator have slumped to the lowest annual figure since the start of the financial crisis and less than 3% of last year’s total. With […]