Regulatory Alerts2026-03-24
PRA fines The Bank of London and Oplyse Holdings £2m for failing to act with integrity and misleading the PRA over capital position
The Prudential Regulation Authority has imposed a £2 million financial penalty on The Bank of London Group Limited and Oplyse Holdings Limited for breaching capital adequacy, large exposure, and integrity rules between October 2021 and May 2024. Senior management repeatedly recognized unreceived funds as qualifying capital and falsified key documents, directly misleading the regulator about the firms' consolidated and solo financial positions. The enforcement action mandates that regulated entities maintain robust capital planning, submit accurate regulatory returns, and demonstrate full transparency when reporting large exposures to ensure ongoing safety and soundness.
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