FSA has fined two firms in the Barclays Bank group £2.45 million for breaches of Principles 2 and 3 and SUP 17 in respect of inaccurate transaction reports to FSA and weaknesses in systems and controls in relation to transaction reporting. The matter arose during an FSA review into suspected market abuse by a third party. Barclays took immediate action once FSA brought the weaknesses to its attention and qualified for the maximum 30% discount in proposed fine.