PRA and FCA publish consultation on pay for senior bankers

News Financial services Consultations

Date: 26th Nov, 2024 Source: Bank of England Country: United Kingdom Original Source

Brief

"On November 26, 2024, the Prudential Regulation Authority (PRA) and Financial Conduct Authority (FCA) issued a joint consultation on plans to reduce restrictions on bonuses for senior bankers. The proposals aim to simplify guidelines around banker bonuses, aligning UK rules with other countries, and strengthen accountability by tying bonuses to risk-management failures."

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Bank of England

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PRA and FCA publish consultation on pay for senior bankers

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PRA and FCA publish consultation on pay for senior bankers

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Bank of England

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