Bank of London fined over faked documents
Fintech, where Peter Mandelson and Harvey Schwartz were board members, is given £2mn penalty by Bank of England
Fintech, where Peter Mandelson and Harvey Schwartz were board members, is given £2mn penalty by Bank of England

Lossmaking fintech was fined £2mn for misleading regulators about its capital position

Deputy governor says initial plans may have been ‘overly conservative’ and central bank ‘looking very hard’ at alternatives

Fast-growing market comes under greater scrutiny for potential risks after series of setbacks

Regulators gain more flexibility if ‘bail-in’ process is required in response to a crisis

Central bank partly backs down after industry criticism over plan for digital tokens

Rare dispute emerges after watchdog proposes to boost liquidity for groups such as Jane Street and Citadel Securities