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In historic first, Bank of England fines Vocalink £11.9m - VinciWorks
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In historic first, Bank of England fines Vocalink £11.9m - VinciWorks
On 9 July 2025, the Bank of England (BoE) took the unprecedented step of fining Vocalink Limited £11.9 million for failing to comply with a supervisory direction issued under section 191 of the Banking Act 2009. This marks the first time the BoE has fined a financial market infrastructure (FMI) firm. This is a stark reminder that regulators are no longer hesitant to wield their enforcement powers against critical service providers in the payment…
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