PRA fines and negotiates with UAE-based Wyelands Bank CEO

The former CEO of Wyelands Bank, now living outside the United Kingdom, has reached a settlement with the PRA in which he was fined nearly £119,000 and agreed not to carry out regulated activities.

By Neasa MacErlean

Iain Hunter was found by the regulator to have breached the Individual and Senior Manager Conduct Rules pertaining to the 'large exposures regime' for managing risks that exceed ten per cent of a firm's capital.