David Wormley

David Wormley

Paul Hastings LLP

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The U.K. Abolishes the Bonus Cap for Banks

The PRA and FCA have announced that the U.K. will be removing the bonus cap for individuals working in U.K. banks. The U.K.’s remuneration rules for the banking and financial services sector were introduced in the wake of...more

10/25/2023  /  Banking Sector , Banks , Bonuses , EU , Financial Conduct Authority (FCA) , Financial Institutions , Financial Services Industry , Prudential Regulation Authority (PRA) , Remuneration , UK
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