Revolut’s expansion into UK consumer lending is facing closer regulatory scrutiny. The Financial Times reported on October 27, 2026, that the Bank of England’s Prudential Regulation Authority had ordered a Section 166 skilled-person review of the bank’s product approval processes and internal risk governance. The review comes as Revolut offers unsecured personal loans and prepares to introduce a domestic credit card, with mortgages planned later. Revolut UK CEO Francesca Carlesi has said the bank intends to package and sell loans through securitisation rather than retain substantial long-term credit exposure. Revolut is targeting a loan-to-deposit ratio of roughly 6%, far below the roughly 100% typical of incumbent British high-street banks. The strategy could support lending growth while limiting loans held on its balance sheet, but it does not eliminate credit risk. S&P Global has cited the possibility of higher credit losses as Revolut expands lending across multiple jurisdictions.