Banking fines: a lesson in oversight and governance

Joel Osborne

In July 2025, the Financial Conduct Authority (FCA) fined Monzo Bank £21.1 million and Barclays Bank plc £39.3 million. This followed fines for Metro Bank (£16 million) and Starling Bank (£29 million) in 2024. Clearly, the regulator is concerned with the strength of firms' financial crime controls and unafraid to act when they do not meet expectations.