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TSB fined £48.65m fine for resilience failings

221220-fca-and-pra-issue-48-65m-fine-for-resilience-failings-1671535429

TSB has agreed to pay a £48.65m fine from the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) for operational risk management and governance failures, including management of outsourcing risks, relating to the bank’s IT upgrade programme in 2018.

In April ...

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