PRA and FCA plans to remove the bankers’ bonus cap requirements have been accelerated, giving banks flexibility to depart from a strict regulatory cap with immediate effect....more
The PRA and the FCA have published a joint policy statement in response to their consultation proposals on removing the bonus cap requirements to strengthen the effectiveness of the banking remuneration regime. In this...more
The Government’s plans to scrap the bankers’ bonus cap moved a step closer to reality this week, as the PRA and FCA published a consultation paper fleshing out how they propose implementing this change....more