Financial Services Financial Services

UK bankers’ bonus cap to be scrapped next week, regulators confirm

A cap on bankers’ bonuses will be removed from the end of the month, UK regulators confirmed today.
The UK’s Prudential Regulation Authority and Financial Conduct Authority said today (see here) they would follow through on previous proposals to get rid of an EU-inherited cap on the bonuses bankers can

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Fiona Maxwell

Senior Correspondent

Fiona Maxwell is a financial services senior correspondent at MLex in London. She began her career as a reporter for, writing about EU post-crisis regulation, and later worked for POLITICO in Brussels, covering the intersect between financial policy and politics. Prior to joining MLex, Fiona worked at the Bank of England as a policy adviser in the prudential policy directorate.

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