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Release Date: 12th December 2022

To access the original FCA document, click here.


Metro Bank PLC has been fined £10,002,300 by the FCA for publishing inaccurate information regarding its Risk Weighted Assets (RWA) in its Q3 trading update on 24 October 2018. This breach of Listing Rule 1.3.3R highlights significant failures in Metro Bank’s duty to ensure market disclosures are not false, misleading, or deceptive.

Key Reasons for the Fine:

Consequences and Impact:

Key Takeaways for Other Firms:


The FCA’s fine on Metro Bank underscores the critical importance of accurate market disclosures and robust internal governance. By addressing these deficiencies and committing to stringent oversight and validation processes, firms can avoid similar regulatory penalties and maintain investor trust and market integrity.

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