Senior UK bankers face bonus clawback for up to 10 years
Regulators offer final proposals on variable remuneration
Bonuses paid to UK bankers could be clawed back for up to ten years after they have been awarded, under the final rules for remuneration unveiled today (June 23) by banking regulators.
Final proposals from the Prudential Regulation Authority (PRA) and Financial Conduct Authority (FCA) set bonus deferral periods for various levels of "material risk takers", and the length of time paid-out bonuses can be clawed back in the event of misconduct.
Under the rules, bonuses will be deferred for seven
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