By Phoebe Seers

LONDON (Reuters) -The Bank of England on Wednesday said senior bankers in Britain would receive their bonuses earlier than previously thought, after confirming a new regime that softens post-financial crisis rules and aims to boost UK competitiveness.

The financial regulator has shortened the time that senior bankers must wait for their full amount of bonus to four years from eight. The BoE had previously recommended a cut to five years for some in a consultation.

The BoE’s Prudential Regulation Authority’s (PRA) new rules will also allow vesting of some banker bonuses on a pro-rata basis from the time they are granted.

The changes come into effect from 16 October, in time for 2025 pay awards and any other awards made but not yet fully paid.

“These changes are the late

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