Technology and other service providers whose services underpin the UK financial system will be overseen from today by UK financial regulators The Bank of England, the Prudential Regulation Authority (PRA) and the FCA.

The Prudential Regulation Authority (PRA) has fined The Bank of London Group Limited and Oplyse Holdings Limited (formerly The Bank of London Group Holdings Limited) £2m for misleading the PRA over their capital positions.

Financial regulators, including the FCA, have today announced a package of measures to boost the growth of the mutuals sector.