RegActions records a disclosed FCA monetary penalty of £28,038,800 dated 11 Dec 2013 for Lloyds TSB Bank plcBank of Scotland plc.
Case facts
| Firm or individual | Lloyds TSB Bank plcBank of Scotland plc |
|---|---|
| Regulator | Financial Conduct Authority (FCA) |
| Date | 11 Dec 2013 |
| Penalty | £28,038,800 |
| RegActions breach classification | SYSTEMS_CONTROLS |
| Public case ID | db346b58-da62-48da-8ef2-e5944d6795a3 |
Case summary
For serious failings in the systems and controls governing financial incentives to sales staff.
Official evidence
This page meets the public case-page evidence threshold.
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Scope
This page describes one source-linked monetary record. RegActions excludes non-monetary outcomes and amounts awaiting review from FCA fine totals. The FCA publication remains the authoritative source.