Top 10 FSA fines

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Insurance group Prudential has been fined £30m for failing to tell the Financial Services Authority (FSA) about its attempted takeover of the Asian arm of US insurer AIG.

The regulator has also censured the company's chief executive, Tidjane Thiam. This is the fifth largest fine imposed by the FSA to date.

Here's where it fits in the FSA's 10 largest fines to date:

1. £160m, UBS, December 2012, Libor rigging

2. £87.5m, Royal Bank of Scotland, February 2013, Libor rigging

3. £59.5m, Barclays, June 2012, Libor rigging

4. £33.32m, JP Morgan, June 2010, failing to protect client money

5. £30m, Prudential, March 2013, failing to inform FSA of acquisition plans

6. £29.7m, UBS, November 2012, failing to prevent unauthorised trading

7. £17.5m, Goldman Sachs, September 2010, weaknesses in controls

8. £17m, Shell, August 2004, market abuse

9. £13.96m, Citigroup, June 2005, failing to conduct its business properly

10. £10.5m, Card Protection Plan, November 2012, mis-selling insurance

Powered by article was written by Rupert Jones, for on Wednesday 27th March 2013 11.32 Europe/London © Guardian News and Media Limited 2010


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