Relaxations of bankers' bonus rules//Employee Incentives

Episode 1

Relaxations of bankers’ bonus rules - What’s proposed and how to prepare

The PRA and FCA are consulting on new proposals to relax some of the remuneration pay rules for senior staff at banks and making the regime more flexible and proportionate. The changes would reduce the number of material risk takers (MRTs), simplify the tests for identifying them, and ease restrictions on paying out bonuses. At the same time, the regulators propose to strengthen MRTs’ accountability through pay outcomes.

This podcast considers the proposals and their likely impact, and what you need to do to prepare for the new regime.