In addition to the corporate entity, Metro Bank's former chief executive Craig Donaldson and former chief financial officer David Arden have been fined £223,100 and £134,600, respectively, for being knowingly concerned in Metro Bank's breach, although they are appealing the decision.

The FCA considers that Donaldson and Arden were knowingly involved in Metro Bank's breach of the Listing Rules. They were aware that the RWA figure in the October announcement was wrong and would require substantial correction. Despite this, they failed to consider whether the figure ought to be qualified or explained and failed to seek legal advice on this question.