2024 promises to be another busy year in the regulatory remuneration space. Banks will already be thinking about changes to their arrangements now the bonus cap has been lifted. Here’s a round-up of what else is new – some of...more
Fundraising challenges, higher financing costs, market volatility and an ever-tighter regulatory environment are upping the pressure for M&A among asset managers. Those drivers, however, apply differently depending on which...more
12/15/2023
/ Acquisitions ,
Asset Management ,
Banking Sector ,
Buyers ,
Capital Markets ,
Global Dealmaking ,
Investment Funds ,
Mergers ,
Private Equity ,
Publicly-Traded Companies ,
Sellers
PRA and FCA plans to remove the bankers’ bonus cap requirements have been accelerated, giving banks flexibility to depart from a strict regulatory cap with immediate effect....more
The PRA and the FCA have published a joint policy statement in response to their consultation proposals on removing the bonus cap requirements to strengthen the effectiveness of the banking remuneration regime. In this...more
As I have been predicting, there are rumblings of a loosening of EU-derived banking sector pay rules in the UK, and of an about-turn on bankers’ bonuses. According to numerous press reports, the Chancellor, Kwasi Kwarteng, is...more
For material risk takers (MRTs) and firms who may have grappled with remuneration restrictions when seeking public appointments, there is relief in sight. In a pragmatic move, the PRA is consulting on proposals to relax the...more