Bonus cap may impact other pay regulation, research from Bank of England warns
Bonus caps can undermine the system put in place to regulate remuneration as they reduce the amount of pay "at risk" at a later date, research from the latest Bank of England quarterly bulletin suggests.
In the article, Marilena Angeli and Shahzad Gitay, from the bank's cross sectoral policy division, highlight the impact bonus caps have had on the ratio of fixed and variable remuneration, and the knock-on effects for regulators.
"A significant consequence of limiting variable remuneration is a
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com