FCA levies its largest ever fine on Barclays

UK bank fined £284 million


The UK's Financial Conduct Authority (FCA) has fined Barclays £284 million for "failing to control business practices" in its foreign exchange trading business.

The fine, which is the largest financial penalty ever imposed by the FCA, relates to Barclays's London-based voice-trading FX desk, where issues were identified in G10 and emerging markets spot trading, the options business and sales practices.

"Barclays's failure to adequately control its FX business is particularly serious in light of

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