Notice in a Nutshell: Remediation lessons learned

Notice in a Nutshell: Remediation lessons learned

The Bank of England’s recent publication of a Final Notice in respect of Vocalink Limited provides a number of key takeaways for regulated firms in relation to remediation programmes and delivering on regulatory expectations.  A summary of these is set out below but for more detail on the Final Notice see our Notice in a Nutshell. Consequences of breaching a regulatory requirement: At one level, this decision is the latest in a series of sancti…