UK capitulates on bonus rules
The UK plans to change its rules on bonuses, allowances, and banker pay to reflect the European Banking Authority’s hostility to “allowances” — seen as a tool to circumvent restrictions on the ratio of fixed pay to bonuses.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts