Senior UK bankers face bonus clawback for up to 10 years

City skyline
City of London

Bonuses paid to UK bankers could be clawed back for up to ten years after they have been awarded, under the final rules for remuneration unveiled today (June 23) by banking regulators.

Final proposals from the Prudential Regulation Authority (PRA) and Financial Conduct Authority (FCA) set bonus deferral periods for various levels of "material risk takers", and the length of time paid-out bonuses can be clawed back in the event of misconduct.

Under the rules, bonuses will be deferred for seven

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 [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: