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Past Event
23 January 2014

5:00 p.m. – 5:30 p.m. CET
4:00 p.m. – 4:30 p.m. GMT

United States
11:00 a.m. – 11:30 a.m. EST
10:00 a.m. – 10:30 a.m. CST
9:00 a.m. – 9:30 a.m. MST
8:00 a.m. – 8:30 a.m. PST


  • Andrew J. Pincus
    T +1 202 263 3220
  • Alex C. Lakatos
    T +1 202 263 3312

Record-Breaking Fines Imposed on Financial Institutions: Policy Considerations and Responsible Alternatives

Fines imposed by regulators against financial institutions continued to set new records in 2013. Pundits and op-ed pieces are clamoring for even higher penalties. Yet “the highest fine ever” often appears to have little to do with “the worst conduct ever.” Other factors arguably are driving fines up. Moreover, our research and experience suggests that imposing the largest possible fines is a poor policy choice. It is not an effective deterrent, it is not a targeted way to punish for wrongdoing, and it likely harms long-term buy-and-hold investors.

Please join Andy Pincus and Alex Lakatos as they discuss these trends, potentially superior alternatives to the “mega-fine,” and a path toward more rational policies.

For additional information, please contact .

Mayer Brown’s Global Financial Markets Initiative helps clients deal with the legal and business challenges resulting from the ongoing turbulence in worldwide financial markets. By mobilizing the firm’s global resources from multiple practices and offices, the initiative provides clients with knowledgeable and timely counsel on a broad spectrum of their legal needs.

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