The London branch of French bank Societe Generale has been fined �1.575m for failing to provide accurate transaction reports.
The Financial Services Authority FSA said SocGen had not submitted accurate reports for about 80% of its reportable transactions for more than two years.
But it said the bank had taken steps to address the concerns.
On Tuesday, the FSA fined the UK operations of Zurich Insurance �2.27m for losing customers personal details.
The FSA called the SocGen case a serious breach and said the banks fine reflected the seriousness of its failings.
The financial regulator relies on accurate and timely data from banks in order to detect and investigate suspected cases of market abuse such as insider trading.
This is the sixth case in the last year where we have taken action against a firm for failures to make accurate transaction reports, said the FSAs enforcement director Margaret Cole.
SocGen failed to accurately report a very high proportion of its transactions for a significant length of time.
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