Tagged: pra

UK based Digital Bank Zopa Appoints Helen Beurier as Chief People Officer Ahead of 2022 IPO

Digital bank Zopa has confirmed the appointment of Helen Beurier as its first Chief People Officer. With more than 25 years of professional experience across some of the largest FMCG, retail, and pharma household names, Helen brings “a wealth of experience to the digital bank… Read More

SME Banking Platform Recognise Bank Secures £14M in Funding, Firm Now Meets Prudential Regulatory Authority Capital Requirements

Newly-introduced SME bank, Recognise Bank, reveals that it has acquired £14 million in funding, which includes a recent investment from one of its existing shareholders. The capital injection means that Recognise Bank has now satisfied the financial requirements established by the PRA (Prudential Regulation Authority),… Read More

UK’s Prudential Regulation Authority Releases Paper on Creating Simpler, Resilient Prudential Framework for Banks

The Prudential Regulation Authority (PRA), a United Kingdom financial services regulatory body that’s responsible for the prudential regulation and supervision of banks, building societies, credit unions, insurers, and major investment firms, has released a discussion paper that looks into developing a simpler and resilient prudential… Read More

Amicus Files for Full Banking License in UK

Amicus is queued up to become a digital challenger bank as it has filed with the Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) for a banking license. Currently, Amicus has three specialist divisions including property finance, commercial finance and asset finance.  The new… Read More

UK Treasury Committee Expresses Concern on Risk of Peer to Peer Lending

  The Chairman of the UK Parliament Treasury Committee has written both Tracey McDermott, head of the FCA, and Andrew Bailey, Deputy Governor of the Bank of England for Prudential Regulation, to enquire if consumers may benefit from further regulation of the peer to peer… Read More

Andrew Bailey Appointed Chief Executive of Financial Conduct Authority

HM Treasury has selected Andrew Bailey as the new Chief Executive of the Financial Conduct Authority (FCA).  Bailey replaces interim CEO Tracey McDermott who publicly revealed her decision not to seek a permanent assignment at the FCA in early January.  McDermott took over the helm… Read More

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