The UK Financial Conduct Authority (FCA) has fined Goldman Sachs International (GSI) £34.3m by for failing to provide ‘accurate and timely reporting relating to 220.2 million transaction reports between November 2007 and March 2017’.
The transactions included over-the-counter derivatives value relating to equity or debt-related financial instruments including cash equity, listed derivatives and structured products ‘admitted to trading on a regulated market or on a prescribed market’. ‘The failings in this case demonstrate a failure over an extended period to manage and test controls that are vitally important to the integrity of our markets,’ stated Mark Steward ( pictured ), FCA executive director o
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