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Relaxation of UK bank bonus rules to 'support' pro-growth push, regulator says

By Sofia Gerace ( November 26, 2024, 15:02 GMT | Insight) -- UK bankers have received draft rules that would allow them to access their bonuses earlier. The prudential watchdog and financial conduct regulator have opened a consultation to reduce deferral periods from eight to five years for senior bankers and to four years for others. Finance minister Rachel Reeves recently called on financial regulators to move away from a risk-averse approach to boost UK growth and competitiveness.   UK bankers have received draft rules that would allow them to access their bonuses earlier, a move that comes less than two weeks after finance minister Rachel Reeves called for a shift away from a risk-averse approach in financial services regulation....

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