Bailey accuses EBA of comms blunder
BoE deputy says he voted against an EBA opinion
The European Banking Authority (EBA) "incorrectly transmitted" the news that an opinion on allowances had received unanimous support when put to a vote, according to Andrew Bailey, deputy governor of the Bank of England (BoE) and chief executive of the Prudential Regulation Authority.
In a hearing of the House of Commons Treasury Committee today (October 22), Bailey was questioned on the issue of European bonus caps, which limit bonuses to a maximum of 200% of base salary, with shareholder
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