Prudential Regulatory Authority imposes £9.6m fine: Colin Witcher instructed on behalf of the Bank of England

Colin Witcher
By: Colin Witcher November 15, 2022

The Prudential Regulation Authority (PRA) has imposed a financial penalty of £9,695,000 in respect to a company failing to comply with its regulatory obligations relating to its governance and oversight of underwriting, underwriting controls, management information, data quality, and risk management strategies and systems. 

Colin Witcher was instructed on behalf of the Bank of England in respect to this project, forming part of the Legal, Enforcement and Litigation Team for the PRA. 

The Bank of England press release can be found here for further information: 

https://www.bankofengland.co.uk/news/2022/october/pra-fines-ms-amlin-underwriting-limited



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