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UK bankers’ bonus cap to be scrapped next week, regulators confirm

By Fiona Maxwell ( October 24, 2023, 13:14 GMT | Insight) -- The UK’s Prudential Regulation Authority and Financial Conduct Authority have confirmed earlier proposals to remove an EU-inherited cap on the bonuses that bankers can earn in addition to their base salary. The new policy will take effect on Oct. 31.A cap on bankers’ bonuses will be removed from the end of the month, UK regulators confirmed today....

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