The State of FCA Enforcement
Last updated 30 Sep 2026
RegActions tracks every disclosed Financial Conduct Authority monetary penalty with a source-linked official notice. This report covers 2013 to 2026 (14 years with recorded fines), excluding amounts still awaiting RegActions' amount-review gate.
Headline figures
| All-time total (2013–2026) | £5,568,098,830 |
|---|---|
| All-time penalties | 365 |
| Average fine | £15,255,065 |
| Largest fine | £284,432,000 — Barclays Bank Plc (20 May 2015) |
| Most-fined firm | Deutsche Bank AG — £394,595,024 across 3 penalties |
| 2026 so far | £22,539,933 across 24 penalties |
| Years covered | 14 |
FCA fines by year, 2013–2026
| Year | Penalties | Total | Average |
|---|---|---|---|
| 2013 | 46 | £473,213,738 | £10,287,255 |
| 2014 | 40 | £1,471,431,800 | £36,785,795 |
| 2015 | 40 | £905,219,078 | £22,630,477 |
| 2016 | 23 | £35,346,446 | £1,536,802 |
| 2017 | 13 | £229,515,303 | £17,655,023 |
| 2018 | 15 | £60,467,212 | £4,031,147 |
| 2019 | 21 | £392,303,087 | £18,681,099 |
| 2020 | 13 | £192,634,818 | £14,818,063 |
| 2021 | 14 | £618,981,443 | £44,212,960 |
| 2022 | 31 | £261,908,038 | £8,448,646 |
| 2023 | 19 | £153,690,797 | £8,088,989 |
| 2024 | 36 | £244,501,037 | £6,791,695 |
| 2025 | 30 | £506,346,100 | £16,878,203 |
| 2026 | 24 | £22,539,933 | £939,164 |
FCA fines by breach theme
Fines can span more than one breach theme, so these totals may exceed the all-time total above.
| Breach theme | Penalties | Total | Average | Share of total |
|---|---|---|---|---|
| Principles | 145 | £2,337,039,451 | £16,117,513 | 42.0% |
| Systems & Controls | 36 | £1,723,599,524 | £47,877,765 | 31.0% |
| AML | 41 | £1,424,058,313 | £34,733,130 | 25.6% |
| Investment | 55 | £881,357,027 | £16,024,673 | 15.8% |
| Individual Accountability | 34 | £516,303,613 | £15,185,400 | 9.3% |
| Fraud | 29 | £404,943,080 | £13,963,554 | 7.3% |
| Financial Crime and AML | 7 | £379,299,800 | £54,185,686 | 6.8% |
| Market Abuse | 61 | £309,671,716 | £5,076,586 | 5.6% |
| Governance | 31 | £274,910,122 | £8,868,068 | 4.9% |
| Insurance | 24 | £232,923,700 | £9,705,154 | 4.2% |
| Client Money | 22 | £231,781,400 | £10,535,518 | 4.2% |
| Conduct | 20 | £226,548,268 | £11,327,413 | 4.1% |
| Reporting | 18 | £204,237,212 | £11,346,512 | 3.7% |
| Mis Selling | 28 | £195,035,978 | £6,965,571 | 3.5% |
| Financial Promotions | 18 | £141,206,847 | £7,844,825 | 2.5% |
| Consumer Protection | 14 | £124,982,666 | £8,927,333 | 2.2% |
| Lending | 15 | £119,795,900 | £7,986,393 | 2.2% |
| Conflicts | 11 | £118,697,260 | £10,790,660 | 2.1% |
| Public Censure | 3 | £110,886,400 | £36,962,133 | 2.0% |
| Pensions | 40 | £107,671,041 | £2,691,776 | 1.9% |
| Prudential | 2 | £105,873,118 | £52,936,559 | 1.9% |
| Pensions Advice and Transfers | 15 | £68,351,532 | £4,556,769 | 1.2% |
| Supervisory Restriction | 1 | £40,806,700 | £40,806,700 | 0.7% |
| Individual Prohibition | 5 | £30,480,000 | £6,096,000 | 0.5% |
| Payments | 16 | £23,956,177 | £1,497,261 | 0.4% |
| FCA Enforcement Action | 2 | £14,500,000 | £7,250,000 | 0.3% |
| Other | 2 | £14,500,000 | £7,250,000 | 0.3% |
| Record Keeping | 4 | £11,221,452 | £2,805,363 | 0.2% |
| Complaints | 2 | £7,149,700 | £3,574,850 | 0.1% |
| Client Money and Safeguarding | 2 | £242,400 | £121,200 | 0.0% |
Top 10 most-fined firms
Ranked by total disclosed FCA monetary penalties, all time.
| Rank | Firm or individual | Penalties | Total |
|---|---|---|---|
| 1 | Deutsche Bank AG | 3 | £394,595,024 |
| 2 | Barclays Bank Plc | 2 | £322,177,000 |
| 3 | UBS AG | 3 | £270,863,400 |
| 4 | National Westminster Bank Plc | 1 | £264,772,620 |
| 5 | Citibank N.A. | 1 | £225,575,000 |
| 6 | JPMorgan Chase Bank | 1 | £222,166,000 |
| 7 | The Royal Bank of Scotland Plc | 1 | £217,000,000 |
| 8 | HSBC Bank Plc | 1 | £216,363,000 |
| 9 | Credit Suisse International, Credit Suisse Securities (Europe) Ltd, and Credit Suisse AG | 1 | £147,190,200 |
| 10 | Andrew James Pearse | 1 | £145,000,000 |
What the data shows
2014 was the highest year on record by total disclosed value, with £1,471,431,800 across 40 penalties.
The single largest disclosed FCA fine RegActions records is £284,432,000, issued to Barclays Bank Plc on 20 May 2015.
Deutsche Bank AG has paid the most in total FCA fines of any firm or individual currently recorded: £394,595,024 across 3 penalties.
By disclosed value, principles is the largest breach theme in the FCA's enforcement record, accounting for £2,337,039,451 across 145 penalties.
The average disclosed FCA monetary penalty since 2013 is £15,255,065, across 365 penalties.
Frequently asked questions
What is the total value of all FCA fines?
Since 2013, RegActions records £5,568,098,830 in disclosed FCA monetary penalties across 365 penalties, based on source-linked notices that have passed the amount-review gate.
What is the average FCA fine?
The average disclosed FCA monetary penalty recorded by RegActions since 2013 is £15,255,065, across 365 penalties.
Which year had the most FCA fines?
By total disclosed value, 2014 was the highest year on record, with £1,471,431,800 across 40 penalties.
Which firm has been fined most by the FCA?
Based on disclosed monetary penalties recorded by RegActions, Deutsche Bank AG has paid the most in total FCA fines: £394,595,024 across 3 penalties.