TSB Bank Plc

Timeline

1. December 20, 2022
   Regulator action opened Regulator

   FCA final notice (kw='cyber'): This Final Notice refers to breaches of PRIN 2 related to failing to exercise due skill, care and diligence and PRIN 3 for not taking reasonable care in organising and controlling its affairs responsibly and effectively, with adequate risk management systems, in the retail banking sector. The FCA imposed a financial penalty of £29.75 million.

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2. December 20, 2022
   Fined Regulator — £29,750,000

   FCA fine imposed on TSB Bank Plc (2022-12-20): £29,750,000

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3. December 20, 2022
   Regulator action opened Regulator

   PRA/Bank of England final notice (kw='cyber'): Financial Penalty: £27,000,000*

   ^source
4. December 20, 2022
   Fined Regulator — £27,000,000

   PRA action against TSB Bank – Final Notice (2022-12-20): Financial Penalty: £27,000,000*

   ^source