Goldman Sachs £17.5m fine is a 'drop in a bucket'

Wall Street giant Goldman Sachs has been fined £17.5m ($27m) by the UK's City regulator, the Financial Services Authority.

The fine is for failing to tell the FSA it was under investigation for fraud by the US financial watchdog this summer.

In July, Goldman settled the fraud charge with the Securities and Exchange Commission by paying $550m (£356m).

The BBC's Dominic Laurie spoke to Dan Enrich, a reporter at the Wall Street Journal. He asked him if the fine was harsh.

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