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Metro bank fined £16.7m for financial crime failings
The UK’s Financial Conduct Authority (FCA) has fined Metro Bank PLC (Metro) £16,675,200 for failing to have the right anti-financial crime measures in place.
November 19, 2024
The UK’s Financial Conduct Authority (FCA) has fined Metro Bank PLC (Metro) £16,675,200 for failing to have the right anti-financial crime measures in place.
Artificial intelligence (AI) has become so ubiquitous, many of us don’t realise we are benefiting from its use every day. In the financial sector, it has helped streamline numerous processes, including fraud prevention measures, customer services, risk management, day-to-day administration and more. But how does the use of AI impact a firm’s green credentials and is there enough clarity from cloud service providers about the environmental impact of their data centres? In our latest free report, we consider how firms might overcome the environmental risks involved with AI and the impact of other energy-intense technologies such as cryptocurrency and Blockchain.
The world is still absorbing the news of Donald Trump being re-elected as president of the United States. But on Wall Street and elsewhere, the effect of this news can already be seen. Markets have reacted favourably to the potential for a more business-friendly approach to regulation. But what could this mean for the safety of the sector in the long-term? We take a look at some of the regulatory changes that are likely on the horizon as Trump takes the helm.
The UK financial regulator has released its findings after looking into the impact the CrowdStrike incident had on operational resilience in the UK financial services sector.
