The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.

All material subject to strictly enforced copyright laws. © 2022 Euromoney, a part of the Euromoney Institutional Investor PLC.

Financial Conduct Authority: Do as I say…

On February 25, a rather sheepish announcement from the UK’s FCA revealed that, in response to a freedom of information request last November, it had inadvertently made underlying confidential information accessible on its website.

Announcing the inevitable ‘full review of how this could have happened’, the regulator then referred itself to the Information Commissioner’s Office, a non-departmental public body, sponsored by the Department for Culture, Media and Sport, that is responsible for data privacy.

The FCA has enforced some of the largest monetary penalties for data breaches in the UK – including a £16.4 million fine it imposed on supermarket Tesco in 2018. 

According to its website, the regulator imposed £392,303,087 in fines for various conduct breaches in 2019. 

“While many will see this as embarrassing for the FCA, it now has a real opportunity to go through the same pain as those it regulates and learn from it,” one cybersecurity expert observes. 

Every breach has a silver lining, we suppose. 

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.


Unlimited access to and

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually


Unlimited access to and, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors


Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree