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BoE consolidates and clarifies enforcement approach

Photo: Toby Melville – WPA Pool/Getty Images

The new policy statement delineates the range of enforcement powers at the BoE’s disposal and tries to provide transparency and clarity for firms.

The Bank of England (BoE) has published PS1/24 – The Bank of England’s approach to enforcement. The policy statement provides feedback to responses to CP 9/23 and contains the BoE’s new consolidated approach to enforcement.

The new consolidated enforcement approach describes the BoE’s powers in connection with:

  • criminal enforcement;