Monument announced that its licence has been extended by UK regulators allowing it to operate as a fully-licensed deposit taking bank.
The removal of all restrictions marks the successful completion of the last stage of the licensing journey whereby Monument finished building the infrastructure and processes, expanded its team, and demonstrated to the regulators that it is ready for launch.
Ashurst Tech M&A partner Jonathan Cohen (Picture) led the team advising Monument, and had been supported by regulatory partners Etay Katz and Bradley Rice, senior consultant Nicholas Stretch and senior associate Rebecca Servian in the incentives team, partner David Futter in the digital economy team and associate Jasmin O’Reilly in the corporate Tech M&A team.
Law Firms: Ashurst;
Clients: Monument Bank Limited;