The Financial Reporting Council (FRC) announces sanctions against former Carillion finance directors and other senior accounting figures connected to the collapsed company. According to reports, the regulator fines and bans two former Carillion finance directors. It also imposes additional disciplinary measures on three senior accountants associated with Carillion. The actions are taken by the accountancy watchdog as part of its enforcement powers over professional conduct and compliance with accounting and reporting responsibilities. The regulator’s decision reflects findings that the individuals concerned fall short of the standards expected in their roles, following Carillion’s collapse. The reports describe the measures as formal regulatory penalties, including financial sanctions and professional bans, and note that the individuals targeted are those who held senior finance or accounting positions within Carillion prior to and around the period leading up to its failure. The FRC’s statement sets out the basis for the disciplinary action, while the wider reporting focuses on the extent of the penalties and the number of individuals sanctioned, rather than broader detail on the company’s wider insolvency proceedings.