Goldman and UBS MiFID fines a 'statement of intent' from FCA
Enforcement could increase under MiFID II
The FCA could be set to ramp up enforcements under MiFID II
Recent multi-million pound fines levied against Goldman Sachs and UBS AG mark a "statement of intent" from the Financial Conduct Authority (FCA) as the regulator cracks down on MiFID-related reporting failures, according to regulatory experts.
Goldman and UBS were handed fines of £34.3m and £27.6m each respectively in March for historic failures related to the initial MiFID regulation, rather than MiFID II which came into force in January 2018....
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