LHV lands UK banking licence from the Prudential Regulation Authority
LHV is the first company to receive a banking licence without restrictions in the UK in 2023.
LHV is the first company to receive a banking licence without restrictions in the UK in 2023.
The bank has been granted an Authorised with Restrictions (AwR) licence by the UK’s PRA and FCA.
The penalty is the PRA’s highest ever fine in a PRA-only enforcement case.
Alongside a new lending product launch.
Will help firms apply and get authorised for insurtech action.
BoE, PRA and FCA call for feedback from firms and financial market infrastructures.