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London - Britain's financial regulator on Wednesday said it had fined French bank Societe Generale £1.575m after the group's London division failed to report its transactions properly.
The fine, worth €1.92m, is for failing to submit accurate data for most of its transactions between November 2007 and February 2010, the Financial Services Authority said in a statement.
"The FSA has fined the London branch of Societe Generale £1.575m for failing to provide accurate transaction reports to the FSA," it said.
"The fine reflects the seriousness of SocGen's failure to submit accurate reports for approximately 80% of its reportable transactions, across all of its asset classes, for a period of over two years."
The FSA added that it has now issued six fines on companies for financial reporting failures over the past year.
