Governance & Reporting

Could removing bankers’ bonus caps lead to another financial crisis?

By Michael Barnett
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In 2013 the UK adopted the European Capital Requirements Directive, a measure brought in following the 2008 financial crisis and incorporated into Financial Conduct Authority and Prudential Regulation Authority rules. These rules limit the ratio between bankers’ salary and bonus to 100%, or more with shareholder approval, and include other ...

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