Tag: Prudential Regulation Authority
PRA censors Wyelands Bank over ‘wide range of breaches’
The Bank of England has announced that Wyelands Bank has been censured by the Prudential Regulation Authority (PRA) over a four-year period of regulatory...
TSB Bank fined £46.65M over risk management failures
TSB Bank has been fined a total of £48,650,000 due to failures in its operational risk management and governance procedures relating back to IT...
Metro Bank hit with £5m penalty for regulatory reporting failings
A fine of £5,376,000 has been issued against Metro Bank by the Prudential Regulation Authority (PRA) for regulatory shortcomings across two key reporting areas.
The...
MPs demand more accountability for UK banking failures
The UK Treasury Committee has published a new report investigating the “unacceptable” IT failures in the country’s financial services sector.
Described as “unanimously-agreed,” the report...
