Upper Tribunal Decision/FCA: Craig Donaldson/David Arden
The Upper Tribunal has upheld the FCA decision that Craig Donaldson and David Arden, (former CEO and CFO at Metro Bank) were knowingly concerned in a breach of the Listing Rules and imposed fines of £167,325 and £100,950 respectively (reduced from FCA’s figures). The firm, which has been separately fined, published an unqualified statement of its RWA, and the capital ratios based on it. The firm knew at the time of a material error with the data, but did not inform the market. At the time of the announcement, the individuals were aware of the material error and involved in the decision to publish the incorrect information. The Upper Tribunal’s Decision discusses the issue of “knowingly concerned” in some detail.
Last updated · 13 Mar 2026
Regulatory News - Banking & Finance
See allPRA: PS10/26: Amendments to Resolution Assessment threshold and Recovery Plans review frequency
Further to CP14/25, this PS provides feedback and final policy. The policy in this PS will take effect on 1 April 2026.
HMT: Joint EU-UK Financial Regulatory Forum
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PRA: Speech by Vicky White: Data as a dialogue
Text of Vicky White’s speech of 12 March 2026 follows in which she discusses data collected from banks by PRA and how this feeds in to supervisory decisions, risk assessment, and policy.
BoE: Speech by Andrew Bailey: Reforming cross-border payments
Text of Andrew Bailey’s speech of 12 March 2026 follows in which he discusses progress on the G20 Cross-border Payments Roadmap.
FCA: UK MiFID transparency calculations
FCA has updated its webpage with the latest results of the annual transparency calculations for equity and equity-like instruments for the UK.