The Prudential Regulation Authority (PRA) fines HSBC £57,417,500 for failures in deposit protection identification and notification

January 31, 2024 0 Comments

The PRA has fined HSBC Bank plc (HBEU) and HSBC UK Bank plc (HBUK) (together, the Firms) £57,417,500 for historic depositor protection failings arising from the Firms’ failures over many years to properly implement the requirements set out in the Depositor Protection Rules.

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