Ex-TSB CIO personally fined £81,000 for breach

Bank of England refuses to say if anyone else is under investigation

Tom Allen
clock • 2 min read
TSB has already paid out more than £85 million in fines and compensation for the botched migration
Image:

TSB has already paid out more than £85 million in fines and compensation for the botched migration

UK regulators have fined Carles Abarca, who led IT at TSB during its disastrous IT migration in 2018, £81,620 for his role in the project.

According to the Prudential Regulation Authority (PRA), Abarca "failed to take reasonable steps" to ensure the outsourcing firm TSB was using - which was also owned by the bank's parent company, Ba...

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