UK to scrap caps on banker bonuses as regulator urges for pay to remain 'appropriately balanced'

The cap limiting bonuses to a maximum of twice a banker’s base pay will be lifted from October 31, the Prudential Regulation Authority said on Tuesday.

UK to scrap caps on banker bonuses as regulator urges for pay to remain 'appropriately balanced'
The cap limiting bonuses to a maximum of twice a banker’s base pay will be lifted from October 31, the Prudential Regulation Authority said on Tuesday. Read More