The FCA has secured $101m (approx £76m) in compensation to UK and other non-US investors in a fund sub-managed by hedge fund firm BlueCrest Capital Management (UK) LLP (BlueCrest) and also imposed a public censure on the company. 

The FCA is ‘working hard’ to shorten the timeframe for enforcement investigations to boost confidence in the financial services sector, according to senior FCA executive Therese Chambers.

The FCA has fined TSB Bank £10,910,500 for failing to ensure customers who were in arrears were treated fairly.

The Financial Conduct Authority is changing its enforcement approach as it aims to act faster and with more transparency.