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
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
The Government’s plans to scrap the bankers’ bonus cap moved a step closer to reality this week, as the PRA and FCA published a consultation paper fleshing out how they propose implementing this change....more
Yesterday, the FCA published its latest “Dear Remuneration Committee Chair” letter addressed to remuneration committee (Remco) chairs of proportionality level one banks, building societies and PRA designated investment firms....more