FCA bans former Co-operative Bank Chair, Paul Flowers, from the financial services industry

Reason:
Non Compliant
Content of Penalty:

The FCA found that while Chair Mr Flowers:

  • -used his work mobile telephone to make a number of inappropriate telephone calls to a premium rate chat line in breach of Co-op Group and Co-op Bank policies; and
  • -used his work email account to send and receive sexually explicit and otherwise inappropriate messages, and to discuss illegal drugs, in breach of Co-op Group and Co-op Bank policies despite having been previously warned about his earlier misconduct.

Date: 06/03/2018