Reports suggest that the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) are expected to reject new pay rules Tuesday that would ban bank bonus 'buyouts'. The regulators have instead decided not to impose an outright ban as they believe that it would have a detrimental impact on the City's competitiveness.
Reports suggest that the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) are expected to reject new pay rules today that would ban bank bonus 'buyouts'. The regulators have instead decided not to impose an outright ban as they believe that it would have a detrimental impact on the City's competitiveness.