BLM's new D&O fines tracker mentioned in CIR Magazine

08 Feb 2021

CIR Magazine discusses BLM's findings that SMEs are increasingly finding themselves in the firing line for large fines from regulatory bodies with its readers.

Smaller businesses in the UK have been handed over £100m in fines in the last four years, according to our new D&O tracker, including large penalties of over £50,000 for cyber liabilities. The new tool, which is free for insurers, brokers and corporates to access, captures fines from four major UK regulators, including the Serious Fraud Office, Financial Conduct Authority and the Information Commissioner’s Office. It also records compensation and legal costs orders, as well as the term of any custodial sentences against directors.

Read the full article here

For more information on the Tracker, please click here.

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Disclaimer: This document does not present a complete or comprehensive statement of the law, nor does it constitute legal advice. It is intended only to highlight issues that may be of interest to clients of BLM. Specialist legal advice should always be sought in any particular case.

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