12th Sep 2023 11:35
Metro Bank Holdings PLC - London-based retail bank with 76 'stores' - Admits it won't get approval this year from Bank of England's Prudential Regulation Authority for a reduction in its capital requirement for residential mortgages. Metro Bank says that in its latest discussions with the UK financial regulator, the PRA indicated more work is required from the company, meaning approval won't be granted during 2023, if ever. Metro Bank has applied to use an advanced internal ratings based approach to counting the capital it must hold against the residential mortgage lending that it makes. Read More
