Raphaels-bank-fined-189m-for-outsourcing-failures






UK's Raphaels Bank has been fined £1.89 million for outsourcing failures.


FCA (Financial Conduct Authority) and Prudential Regulation Authority (PRA) have confirmed Raphaels failure to have acceptable processes to interpret and evaluate business continuity arrangements.  

Raphaels Bank Fined £1.89 million