Metro Bank execs under scrutiny after loan probe snafu
Lender could see capital buffer rise after admitting regulator, not bank, discovered errors
Metro Bank could face a punitive rise in its regulator-set capital buffer, following the startling revelation that the Bank of England – and not the firm itself, as claimed – discovered the lender was applying the incorrect risk weights to two large loan portfolios, former regulators and legal experts warn. They argue the episode calls into question the quality of the bank’s risk management and governance.
Three former senior regulators whom Risk.net spoke to for this article claim that, if the
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