Bankers' bonus cap scrapped allowing return of bumper rewards
Removing the cap on bankers' bonuses could bring back "greed is good" attitudes, warns TUC.
Source: bbc.co.uk
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TUC warns that removing bankers bonus cap will bring back "greed is good" culture
Bankers can earn unlimited bonuses again from today, following a change to rules brought in following the financial crisis prompting a warning from the TUC that removing the cap will bring back a "greed is good" culture.
Source: bmmagazine.co.uk
Cap on bankers' bonuses to be scrapped within days
Britain’s financial regulators have confirmed that the cap on bankers’ bonuses will be scrapped from next week as part of a post-Brexit bid to boost the attractiveness of the City of London.
Source: bmmagazine.co.uk
Bankers' bonus cap lifted next week
The financial services regulators have lifted the cap on bankers' bonuses, effective from 31 October 2023.
Source: personneltoday.com
Firms warned over diversity vagueness amid FCA clamp down
The first annual reports to cover new Financial Conduct Authority (FCA) diversity and inclusion (D&I) reporting requirements must hit targets or contain clear and meaningful explanation' of why targets were missed.
Source: professionaladviser.com