PRA poised to reveal details of new penalty discount scheme
By Farah KhaliqueJanuary 16, 2024
Banks in the UK will be able to secure a large penalty discount if they self-report their wrongdoing early, under plans from the Prudential Regulation Authority to be fleshed out before the spring.
The microprudential regulator wants to incentivise firms to admit to rule breaches more quickly through ...
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