Financial Conduct Authority (FCA), Banks, Corporate Governance

UK bankers' remuneration reform: proposed relaxation of deferral and retention rules in focus

A&O Shearman on 4/17/2025

PRA and FCA proposals to simplify bankers’ remuneration rules would relax certain key restrictions on bankers’ variable pay, giving banks more flexibility in remuneration design and improving their recruitment potential....more

The UK and EU Bank Remuneration Regimes Begin To Diverge

Skadden, Arps, Slate, Meagher & Flom LLP on 1/23/2025

In the aftermath of the 2007-09 global financial crisis, the G20 nations committed to reforming bank remuneration frameworks in response to criticism that excessive risk-taking at banks incentivised by poorly structured pay...more

Key Regulatory Topics: Weekly Update 23-29 Feb 2024

A&O Shearman on 3/6/2024

Amongst the broad range of updates this week, at international level, the FSB published its thematic peer review on MMF Reforms and the BCBS published the outcomes of its meeting held on 28 and 29 February, including that it...more

UK Regulators Confirm Bonus Cap Being Scrapped

A&O Shearman on 11/3/2023

The U.K. Prudential Regulation Authority and Financial Conduct Authority have published a joint policy statement confirming the "bonus cap" will be removed. Banks are subject to compensation requirements for staff who have a...more

Banking Bites - August 2022

BCLP on 8/2/2022

Welcome to Banking Bites! This is our short summary flagging key developments in the UK that we hope will inform your activities in your market....more

Private Bank Briefing: Issues Impacting the Private Bank Sector - March 2020

Latham & Watkins LLP on 3/30/2020

On 17 March 2020, the FCA published a new webpage providing information on its expectations of firms’ response to the coronavirus. It will update the webpage over the coming weeks and expects to adapt its guidance...more