The consultation is relevant to PRA-authorized banks, building societies and designated UK investment firms.
PRA Rulebook
Assessing proposals to make the remuneration regime for banks “more effective, simple and proportionate”, while still ensuring accountability for risk taking and appropriate outcomes for consumers and markets.
Now that the cap has been removed, we look at the practical implications for banks, building societies and PRA-designated investment firms.
UK bankers can make unlimited bonuses again.