It probably wouldn’t surprise many readers to learn that regulatory enforcement activity has fallen materially during the first six months of 2020, as regulators refocus their activities to deal with COVID-19. What surprised me was that despite this reduction in enforcement activity the costs associated with fines has increased by 50% during the first quarter. It stands to reason, that these fines relate to enforcement activities conducted prior to COVID-19. According to Corlytics, global regulators fined firms a total of $3.1bn in the first Quarter of 2020. Still, thats a hefty increase. As firms come to terms with operating, principally.