Banks scrap UK bonus caps: Regulatory landscape shifts biznews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from biznews.com Daily Mail and Mail on Sunday newspapers.
London Bankers Inch Closer to New York-Style Bumper Bonuses bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
Investors will also vote on executive pay packages, potentially turning LSEG CEO David Schwimmer into one of the highest-paid CEOs in the U.K., with $16.7 million in hand.
U.K. lenders are asking shareholders for permission to rewrite their bylaws to allow them to adjust how they structure pay for legions of their best investment bankers and traders.
After the 2008 global financial meltdown, the Basel Committee on Banking Supervision developed the third instalment of the Basel Accords, Basel III, establishing minimum capital requirements for banks. Basel III Endgame is the latest proposed framework, brimming with guidelines for regulatory capital from the principal US regulatory bodies.