RegActions records a disclosed FCA monetary penalty of £29,750,000 dated 20 Dec 2022 for TSB Bank Plc.
Case facts
| Firm or individual | TSB Bank Plc |
|---|---|
| Regulator | Financial Conduct Authority (FCA) |
| Date | 20 Dec 2022 |
| Penalty | £29,750,000 |
| RegActions breach classification | SYSTEMS_CONTROLS |
| Public case ID | 29394baf-fddf-438b-acbf-c49e8d59b547 |
Case summary
This Final Notice refers to breaches of PRIN 2 related to failing to exercise due skill, care and diligence and PRIN 3 for not taking reasonable care in organising and controlling its affairs responsibly and effectively, with adequate risk management systems, in the retail banking sector. The FCA imposed a financial penalty of £29.75 million.
Official evidence
This page meets the public case-page evidence threshold.
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Scope
This page describes one source-linked monetary record. RegActions excludes non-monetary outcomes and amounts awaiting review from FCA fine totals. The FCA publication remains the authoritative source.