LONDON, April 13 (Reuters) - The Bank of England said on
Thursday it had fined Carlos Abarca, the former chief
information officer of TSB Bank Plc, 81,620 pounds ($102,115)
for his failure to adequately manage a 2018 IT migration
programme which led to widespread disruption.
"The PRA has fined Mr Abarca because his management of a key
outsourcing relationship fell below the standard we expect,"
said Sam Woods, the BoE deputy governor in charge of the central
bank's supervisory arm, the Prudential Regulation Authority.
($1 = 0.7993 pounds)
(Reporting by David Milliken; editing by William James)
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