Wednesday 24 June 2015

UK: PRA and FCA publish new remuneration rules

The Prudential Regulation Authority and Financial Conduct Authority have published a joint policy statement, titled Strengthening the alignment of risk and reward, in which new remuneration rules are set out: see here (pdf). These new rules, the PRA and FCA state, should be read alongside a forthcoming publication (expected soon) containing joint rules for increasing individual accountability in banking.

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