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Enforcement Watch Roundup

Issue 36: January 2022

Enforcement Watch Roundup

Editor's Note

Adam Epstein - Mishcon de Reya

This last period has seen some pretty eye watering fines levied in a variety of areas. We discuss below our thinking on some of them. As for what the future holds, On the Horizon looks at how aspects of enforcement in future may be greener and more consumer focused. We hope you find our round up interesting. Click here to see the team.

Read the full note

Enforcement Case Highlights


The FCA fine Credit Suisse over fishy business

On 19 October 2021 the FCA confirmed in a Final Notice that it was fining Credit Suisse £147,190,200 over serious failings in its financial crime controls in the wake of the "tuna bonds" loan scandal.


BlueCrest Capital Management Decision Notice Fine of £40.8m

On 22 December 2021, the FCA set out its decision to fine BlueCrest Capital Management (UK) LLP (BCMUK) £40,806,700 for having inadequate arrangements to manage conflicts of interest. It also decided to impose a requirement on BCMUK to pay redress to clients who have suffered loss as a result of its failings.

On the Horizon

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