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BOE investigates Bank of London as auditor EY notes ‘material uncertainty’

( May 14, 2025, 16:00 GMT | Official Statement) -- MLex Summary: The Bank of London, a UK clearinghouse launched in 2021, is under investigation by the Bank of England’s prudential arm. Financial statements filed by Bank of London say the Prudential Regulation Authority is investigating “certain historical matters,” and that the bank is cooperating and conducting its own internal investigation. Auditor EY also noted “significant doubts” about Bank of London’s ability to continue trading, adding that it might need additional funding to discharge its financial obligations.Financial statement attached. ...

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