The UK Prudential Regulation Authority (PRA) has imposed a financial penalty of £4,165,000 on HDI Global SE in connection with the submission of incorrect data to the PRA.
The Bank of England, the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA) will start overseeing the first critical third parties (CTPs).
From the start of December, UK bank customers will benefit from an increase to the maximum amount they would be reimbursed for if their bank were to fail.
The UK PRA has proposed to raise the deposit protection limit of the Financial Services Compensation Scheme (FSCS) from £85,000 to £110,000.
Elizabeth Passey succeeds Marshall Bailey OBE, who is stepping down after 2 terms as FSCS Chair.
The PRA has fined Carlos Abarca, the former Chief Information Officer of TSB Bank plc, for breaching PRA Senior Manager Conduct Rules.
The Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) have fined TSB Bank plc a total of £48,650,000.
The FCA launches consultation on proposals to amend certain standards on margin requirements for non-centrally cleared derivatives.
The PRA has imposed a fine of £5,376,000 on Metro Bank plc of for failures related to regulatory reporting.
The PRA has imposed a financial penalty on Standard Chartered Bank of £46.55 million for failing to be open and cooperative with the PRA.
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