01 · In plain English
What happened.
On 12 November 2024 the Financial Conduct Authority fined Metro Bank Plc £16,675,200 for breaching Principle 3 of the FCA’s Principles for Businesses between 6 June 2016 and 17 December 2020. Principle 3 requires a firm to take reasonable care to organise and control its affairs responsibly and effectively, with adequate risk‑management systems. The FCA’s Final Notice setting out the authority’s findings is published on the FCA website.
Summarised from the FCA's notice and press reports. The FCA's own text and documents below are the authoritative record.
02 · Enforcement details
What the FCA register says.
On 12 November 2024, the FCA imposed a financial penalty on Metro Bank Plc. The reason for this action is because Metro Bank Plc breached Principle 3 of the FCA's Principles for Businesses between 6 June 2016 and 17 December 2020. The Authority imposed a financial penalty of £16,675,200. A copy of the Final Notice is displayed on the FCA's website.
03 · Firm details
Firm on the FCA register.
- Firm name
- Metro Bank PLC
- Firm reference number
- 488982
- Register status
- Authorised
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