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Bank of England could halve fines in ‘appropriate’ cases if City firms settle early
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The Bank of England could give City firms a 50% discount on their fines if they settle early with the regulator.
In a planned overhaul of its enforcement powers, Threadneedle Street said it wants to "incentivise early admissions" by upping the discounts that firms can receive if they do not contest findings against them, according to a 4 May consultation.
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