Bankers’ bonus rules to be further relaxed, ‘boosting economy’

Rule change means earlier bonuses for bankers

SaveBankers will be able to get to their bonuses in half the time allowable previously, thanks to a rule change announced by Bank of England regulators. But the shift has attracted criticism, with one think tank arguing it is a “poor reading of the public mood,” as the cost-of-living crisis continues. The Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) announced this week that the waiting time for bankers to receive t…

Bankers’ bonus rules to be further relaxed, ‘boosting economy’

Financial regulators have further loosened bonus rules in the City of London by reducing the amount of time bankers have to wait to receive their full awards. The post Bankers’ bonus rules to be further relaxed, ‘boosting economy’ appeared first on Personnel Today.