Starting afresh has advantages for Metro Bank

In the current climate, a startup retail bank will attract a lot of attention from regulators – and criminals. Metro Bank's chief risk officer Mike Hudson discusses fraud, incentives and the advantages of living without legacies with Jessica Meek

mike-hudson

Metro Bank is the first retail bank to be launched in the UK for more than 100 years, with a simplified business model and an emphasis on customer service that it hopes will enable it to challenge the UK's established retail lenders.

Since opening its first branch in 2010, the bank has seen several of its UK competitors facing public condemnation about some of their practices when dealing with retail customers. In April 2011, following a judgment from the UK High Court, the four major UK banks

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

If you already have an account, please sign in here.

Investment banks: the future of risk control

This Risk.net survey report explores the current state of risk controls in investment banks, the challenges of effective engagement across the three lines of defence, and the opportunity to develop a more dynamic approach to first-line risk control

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here