Some Spanish banks, such as BBVA which had been hit by the 2013 ruling, have already removed the mortgage floor.
Panicked by regulatory probes, firms ignored employment law and were too quick to fire traders, according to three rulings published so far.
Fourteen fund management groups, including TwentyFour Asset Management and BlackRock, are suing the Portuguese central bank over losses incurred from Novo Banco.
The United States Attorney’s Office and the Fraud Section have also received valuable assistance from the Securities & Exchange Commission as well as from authorities in the United Kingdom, including the City of London Police.
The FCA’s increasing requirements on individual accountability within companies and the rollout of the Senior Manager Regime across all companies by 2018 will mean that reliance on systems, controls and accurate MI will be increasingly important for