UK to abolish limit on bankers' bonuses.
BANKING AND CREDIT NEWS-October 25, 2023--UK to abolish limit on bankers' bonuses
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Global Banking News - 25 October 2023
The UK is to lift the cap on bankers' bonuses next week.
Regulators said that the decision would allow companies to have lower fixed salary payments.
It is also claimed that they can better respond to the financial environment and claw back money more easily in the case of misconduct. The new regulations are to come into effect from Tuesday, October 31.
The...
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