The City watchdog has fined Swiss investment bank UBS £29.7m after London rogue trader Kweku Adoboli caused £1.4bn losses through unauthorised trading.
The Financial Services Authority (FSA) fined the bank for system and control failings within its corporate structure.
The FSA originally fined UBS £42.4m but discounted the penalty for early settlement.
At one point, Adoboli had stood to run up losses of £7.5bn for his employer.
The FSA said in a statement: "UBS failed to take reasonable care to organise and control its affairs responsibly and effectively, with adequate risk management systems.
"And failed to conduct its business from the London branch with due skill, care and diligence."
Last week Adoboli, once a rising star City trader, was found guilty by a London court of the biggest fraud in British history.
The 32-year-old admitted to the bad trades, but denied any wrongdoing.
Adoboli was convicted of two counts of fraud by abuse of position linked to the £1.4bn loss, but jurors cleared him of four counts of false accounting between October 2008 and September 2011.
Judge Mr Justice Keith, sentencing, told Adoboli: "There is a strong streak of the gambler in you. You were arrogant enough to think the bank's rules for traders did not apply to you."
"The fact is you are profoundly unselfconscious of your own failings."
He sentenced Adoboli to seven years for one count of fraud and four years for the other, to be served concurrently.
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