Goldman Sachs fined $45 million by UK watchdog for reporting failures

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Britain's markets watchdog said on Thursday it had fined Goldman Sachs Inte...

A sign is displayed in the reception of Goldman Sachs in Sydney, Australia, May 18, 2016. REUTERS/David Gray/File Photo

“These were serious and prolonged failures,” said Mark Steward, the Financial Conduct Authority’s executive director of enforcement and market oversight. “We are pleased to have resolved this legacy matter. We dealt with the issues proactively at the time and have made significant investments across the period to develop and enhance our reporting procedures,” the U.S. investment bank said.

 

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