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22.12 - 18:07
PRA slaps Metro Bank with £5.4m fine for ‘inaccurate’ reporting
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fnlondon.comThe Prudential Regulation Authority has fined Metro Bank £5,376,000 for “failing to act with due skill, care and diligence” in its regulatory reporting.
“We expect firms to invest appropriate and adequate resources to ensure that they submit accurate regulatory returns,” said Sam Woods, chief executive of the PRA, in a statement on 22 December.
“In...
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