Financial services D&O fines reach $270 million in UK

Law firm Berrymans Lace Mawer LLP’s tracker data revealed that financial services providers’ director and officers in the U.K. were handed down more than £196 million ($269.5 million) in large regulatory fines since 2020, Commercial Risk reported. The tracker indicated an increase in the number of fines for privacy breaches under the General Data Protection Regulation.