Financial Services Financial Services

TSB Bank’s former chief information officer fined in UK for failings over 2018 outages

By Fiona Maxwell
  • 13 Apr 2023 11:18
  • 13 Apr 2023 11:18
TSB Bank’s former chief information officer has been fined by the UK's prudential watchdog for technical failures in 2018 that prevented customers from accessing banking services.
The Prudential Regulation Authority handed Carlos Abarca a fine of 81,620 pounds ($102,000) for breaching rules on senior managers, which make individuals accountable for

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Fiona Maxwell

Senior Correspondent

Fiona Maxwell is a financial services senior correspondent at MLex in London. She began her career as a reporter for, writing about EU post-crisis regulation, and later worked for POLITICO in Brussels, covering the intersect between financial policy and politics. Prior to joining MLex, Fiona worked at the Bank of England as a policy adviser in the prudential policy directorate.

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