Conclusion of PRA investigation22 Dec 2021 07:15
The Board of Metro Bank notes the conclusion of the Prudential Regulation Authority's ("PRA") investigation, imposing a financial penalty of £5,376,000 for breaching Fundamental Rules 2 and 6 of the PRA Rulebook prior to 23 January 2019. Metro Bank has cooperated fully with the PRA's investigation and agreed the resolution of this matter with the PRA.